Alleges Baidu is a monopoly
San Francisco, CA -- (SBWIRE) -- 02/11/2013 -- Within the past half decade, co-founder of the Chinese anti-virus company Qihoo 360 Technology, Zhou Hongyi, has allegedly engaged in high-profile legal conflicts with Yahoo China and Tencent.
Zhou states that he is no stranger to run-ins of these types and rubbing companies the wrong way. “In China,” he says, “newcomers are normally viewed as troublemakers.”
The company Zhou has rounded is becoming a dominant player in the search business in his native country, and makes its money by selling ad space through its browser as well as its free anti-virus software. However, the browser did not have a built-in search engine for its users until late this summer, when Qihoo released a the feature. The search capability also allowed the searching party to stay on the company's services, rather than being redirected to a rival's page. The maneuver by Qihoo has put the company in competition with Baidu, which controlled 80% of China's searches by revenue last year, according to Chinese Internet Industry Consulting group iResearch.
Baidu gained his prominent level in Chinese searches when Google, which had previously dominated the market, finally had enough with government censorship. In an interview with Qihoo, Zhou called the Baidu company a monopoly that allows for “frauds and fakes,” where “users just click and fall into traps” of bogus websites. He claims that Qihoo's has experience fighting malware and spam, and that it will not happen with his search engine like it did with Baidu. Kaiser Kuo declined to comment about Baidu, but released a statement saying such remarks were “unfounded accusations” by competitors.
The Qihoo search engine is yet to be profitable, but the progress has already impressed investors. The company's shares at the New York stock exchange rose by 89% last year, which is the best performance of any major Chinese stock. Investors also applauded a new deal with Google. On January 17, Jefferies analyst Cynthia Meng and Rui Hao expressed that Qihoo began using the American company's ad system, which enabled it to earn higher returns by running ads along with its search results. No details were given by the company, other than confirmation that such a deal had occurred.
About Equitable SEO
Equitable SEO (http://www.equitableseo.com/) allows visitors the opportunity to attain a free quote and site analysis with four easy steps. Contact the company today and learn what it can do to help anyone succeed by visiting the Arizona SEO Company website.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)