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 (NASDAQ:BIDU), which just offered soft guidance, for caring more about ad monetization than the user experience. (more)