Chinese security software and Web search firm Qihoo 360 Technology (QIHU) has become the latest Chinese tech firm in recent weeks to announce it’s received an offer to go private, sending a host of China stocks rising. Qihoo 360 said it has received a buyout offer worth $10 billion from a consortium led by its CEO, Chinese Internet billionaire Zhou Hongyi. Others in the buyout group include CITIC Securities, Golden Brick Capital Private Equity
Chinese security software and Web search firm Qihoo 360 Technology (QIHU) announced Tuesday that it will boost its ownership stake in a joint venture established last month with smartphone maker Coolpad Group. Qihoo 360 will increase its ownership stake in the duo’s Coolpad E-Commerce joint venture to 49.5% by purchasing 4.5% of shares in the joint venture from Coolpad for $45 million. “We are very excited to increase our ownership position in the
Chinese security software and Internet search company Qihoo 360 Technology (QIHU) is entering the smart home market through a partnership announced Thursday with Huayuan Group, one of China’s largest real-estate developers. Products planned include smart surveillance cameras and smartwatches allowing homeowners to locate and video-chat with their children or access the Web simply by plugging a dongle into their computer’s USB port. Under the