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NetQin (NQ -6.5%) slumps after SA's FJE Research questions the company's user account figures....

NetQin (NQ -6.5%) slumps after SA's FJE Research questions the company's user account figures. While NetQin claims to have a 63% share of the Chinese mobile security software market, research firms assert Qihoo (QIHU) has a 60%+ share. Moreover, download figures for NetQin's security app on Sina and various app stores are meager, and Baidu search activity is also light. NetQin's low valuation indicates there's already some skepticism on the Street about its growth story.
Comments (1)
  • yoyoma1
    , contributor
    Comments (28) | Send Message
     
    HAHAHA that is awesome that China has over 123% worth of mobile security market share to spread around. I was short QIHU for about a month a few months back, but I learned my lesson. Fraud or not, it's very difficult to maintain a long-term short in a stock like this.
    10 Dec 2012, 02:11 PM Reply Like
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