Qihoo
 |
|
| Private | |
| Industry | Computer software |
| Founded | Beijing, China, 2005 |
| Founder | Zhou Hongyi (Chairman, CEO, co-founder), Qi Xiangdong(President, director, co-founder) |
| Headquarters | Beijing, China |
|
Area served
|
Worldwide |
|
Key people
|
Zhou Hongyi, Qi Xiangdong, Cao Shu (Chief Engineer & Director), Xu Zuoli Alex (Co-CFO), Yao Jue (Co-CFO) |
| Products | Security softwares |
| Services | Computer security |
| Revenue | $1.39 billion (2014) |
| Profit | $222.8 million (2014) |
|
Number of employees
|
4,200 |
| Website | www |
Qihoo 360 (Chinese: 360; pinyin: Qíhǔ Sānliùlíng; approximate pronunciation CHEE-hoo), full name Qihoo 360 Technology Co. Ltd., is a Chinese internet security company known for its antivirus software (360 Safeguard, 360 Mobile Safe), Web Browser (360 Browsers), and Mobile Application Store (360 Mobile Assistant). It was founded by Zhou Hongyi and Qi Xiangdong in June 2005. Qihoo 360 had 496 million users for its Internet Security products and 641 million users for its Mobile Antivirus products as of June 2014.
The company's head office is in Chaoyang District, Beijing.
Qihoo 360 initiated its business operations by selling third-party antivirus software online. Soon afterwards they realized the potential of the freemium business model in the Chinese market and started providing their own antivirus products free of charge. In a short period of time, Qihoo 360's security products gained popularity and market share in China. Their current revenues are generated by leveraging their massive user base through online advertising and services such as online games, remote technical support, and system integration.
Qihoo 360's main revenue sources include advertising space on 360 Startup Page, as well as revenue sharing with independent games developers which have published their games on the 360 Mobile Assistant. The revenue breakdown in 2012 was split between the revenue streams as follows: 67% from advertising, 31% from internet value added services and less than 1% from selling third party software. The revenues increased by 96.0% from $167.9 million in 2011 to $329.0 million in 2012. As of January 2014, the market cap is $11.42B.
In the summer of 2012, Qihoo 360 entered the smartphone market by launching the Battleship phone together with Haier, the large Chinese consumer electronics company. Qihoo 360 said that Haier will provide the hardware while Qihoo 360 will focus on customising the software, albeit the main operating system will be Android. Qihoo 360 received over 220,000 pre-orders for the phone the first day.
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