Qihoo 360 Technology (QIHU) has made quick advancement in the Chinese Internet industry. The organization is currently giving hardened rivalry to Baidu (BIDU), taking without end piece of the pie and rubbing shoulders with Tencent (TCEHY) in the gaming market also. Looking forward, will Qihoo have the capacity to manage its spectacular execution, or will it wind up vanquished by greater associates?
Qihoo is developing at a quick pace; in the final quarter, revenue expanded 115% year-over-year to $221.6 million, agreeably beating analysts' estimate of $209 million. Furthermore, Qihoo's earnings additionally expanded an eye-popping 218% year-over-year to $0.70 for every offer, outpacing agreement estimates of $0.43 for every offer. Continue Reading »