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Qihoo (QIHU +4.8%) rises after CEO Zhou Hongyi claims his company's search engine will make use...
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Tuesday, September 11, 2012, 11:04 AM ETQihoo (QIHU +4.8%) rises after CEO Zhou Hongyi claims his company's search engine will make use of Google's (GOOG) ad system (presumably AdSense), and will launch an "open platform" for developers to provide better category-specific results. The latter sounds like a rival to Baidu's (BIDU) popular Box Computing platform. Baidu shares have been pressured by Qihu's arrival on the Chinese search scene. The Google news shows how the company remains a key player in China's online ad market in spite of its search exit.
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