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Thursday, Nov 1
2012, 12:46 PM
Qihoo (QIHU +5.8%) rallies after CEO Zhou Hongyi tells Chinese media his company hopes to take...
Qihoo (QIHU +5.8%) rallies after CEO Zhou Hongyi tells Chinese media his company hopes to take 15%-20% of China's search market - that's well above the 9.2% share Qihoo, which launched its search engine in August, was estimated to have a month ago. Hongyi adds Qihoo has hired ex-Google employees to work on search, and wants to partner with vertical search providers. He also criticizes Baidu (BIDU), which just offered soft guidance, for caring more about ad monetization than the user experience. (more)