Qihoo's (QIHU) share of Chinese search is now holding steady around 10%, says ThinkEquity, but...

|By:, SA News Editor

Qihoo's (QIHU) share of Chinese search is now holding steady around 10%, says ThinkEquity, but the firm thinks additional gains at Baidu's (BIDU) expense are possible. It's lowering estimates for Baidu due to share loss worries, as well as a belief the company is being forced to choose between higher monetization and a better user experience. Baidu, which is still growing at a rapid pace, is now trading at 18x estimated 2013 EPS thanks to Qihoo-related fears. (more on BIDU-QIHU)