Qihoo 360 Technology (QIHU +3.3%) gains after releasing an official statement to address recent...

|By:, SA News Editor

Qihoo 360 Technology (QIHU +3.3%) gains after releasing an official statement to address recent allegations against the company by Citron Research. The company says the Citron report "contains numerous errors of fact and misleading speculations," and asserts that it has a "very unique business model" which is not comparable to the business models of other companies in China or globally.