- Yiran Xu, formerly the chief business officer at Chinese game developer Perfect World (recently taken private) has been named the head of Qihoo's (NYSE:QIHU) gaming ops. Yundan Zheng, formerly a VP at a Chinese real estate developer, has been named an SVP in charge of HR management and "general corporate administration."
- Games account for the lion's share of Qihoo's Internet value-added service (IVAS) revenue, which equaled 28% of total revenue in Q2. IVAS revenue fell 8.6% Q/Q and 16.4% Y/Y in Q2 to $122.2M, thanks in large part to online lottery suspensions.
- Qihoo's Q3 report is expected in the coming weeks. Shares rose 4.8% in regular trading to $63.37, hitting their highest levels since August.