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Qihoo (QIHU) has taken 5%-10% of the Chinese search market since entering last month, estimates...

Qihoo (QIHU) has taken 5%-10% of the Chinese search market since entering last month, estimates Deutsche after surveying referral traffic at Chinese sites. The gains have mostly come at the expense of Baidu (BIDU), whose share is believed to have fallen to 75%-80% from a prior 80%-85%. Deutshce naturally attributes Qihoo's gains to its ability to get browser users to try out its search engine. (Citi) (more on BIDU-QIHU)
Comments (3)
  • This is not about fundamentals. Baidu is turning in excellent numbers. This is about fear that Qihoo will hurt Baidu. They won't but you can't tell investors who get spooked easily that. Baidu is going to have another excellent quarter but fear knows no logic.
    18 Sep 2012, 04:53 PM Reply Like
  • Investors also need to understand the differences in the management teams between BIDU and QIHU and the reasons behind the market share changes.
    18 Sep 2012, 04:59 PM Reply Like
  • Deutsche is completely missing mobile in the equation. Mobile traffic is the future! Who just has a new browser and is on like 50+ % of all China cell phones pre-installed? Qihoo? No.
    18 Sep 2012, 07:39 PM Reply Like
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