BEIJING, Feb. 2, 2012 /PRNewswire-Asia/ -- Qihoo 360
Technology Co. Ltd. ("Qihoo 360" or the "Company," NYSE: QIHU), a
leading Internet company in China
as measured by active user base, today announced that it has formed
a strategic partnership with Sina Weibo, the leading social media
platform in China. Through the
partnership, all of Qihoo 360's registered users will be able to
access Sina Weibo with their Qihoo 360 accounts and all Sina Weibo
users will be able to access Qihoo 360 products and services with
their Weibo accounts.
In addition, Qihoo 360 will integrate Sina Weibo service into
its key platform products, such as 360 Safe Browser and 360
Desktop. Qihoo 360 will also become an official security solution
provider for Sina Weibo to ensure a secure and convenient Weibo
experience for all users.
Furthermore, Qihoo 360 will continue to expand its cooperation
with Sina Weibo in mobile product and application development to
provide expanded mobile Internet experiences to Chinese Internet
users.
"We are very excited to form this partnership with Sina Weibo,
the most influential social media platform in China," commented Mr. Xiangdong Qi, President of Qihoo 360. "Qihoo
360's 370 million active users together with Sina Weibo's 250
million registered users will allow us to cover almost the entire
Chinese Internet population. We believe this partnership will bring
more diverse, secure and convenient services and applications to a
broader cross section of Chinese Internet users through our open
platforms."
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading internet
company in China as measured by
its active user base. The Company is also the number 1 provider of
internet and mobile security solutions in China as measured by its active smartphone
user base, according to iResearch. Qihoo 360 also provides users
with secure access points to the internet via its market leading
web browsers and application stores. The Company has built one of
the largest internet open platforms in China. Qihoo 360 monetizes its massive user
base primarily through online advertising and through internet
value-added services on its open platforms.
Forward-looking Statements
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward- looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations, assumptions,
estimates and projections about Qihoo 360 and the industry.
Potential risks and uncertainties include, but are not limited to:
the Company's ability to continue to innovate and provide
attractive products and services to attract and retain users; the
Company's ability to keep up with rapid changes in technologies and
Internet-enabled devices; the Company's ability to leverage its
user base to attract customers for our revenue-generating services;
and the Company's dependence on online advertising for a
substantial portion of our revenues; and the Company's ability to
compete effectively. All information provided in this press release
is as of the date of the press release, and Qihoo 360 undertakes no
obligation to update any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although Qihoo 360
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that its
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results. Further information regarding risks and
uncertainties faced by Qihoo 360 is included in Qihoo 360's filings
with the U.S. Securities and Exchange Commission, including its
final prospectus dated March 29,
2011.
For investor and media
inquiries, please contact:
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Qihoo 360 Technology Co.
Ltd.
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Tel: +86
10-5878-1574
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E-mail: ir@360.cn
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Christensen
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Mr. Christian Arnell
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Tel: +86
10-5826-4939
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E-mail: carnell@ChristensenIR.com
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SOURCE Qihoo 360 Technology Co. Ltd.