BEIJING, Jan. 7, 2014 /PRNewswire/ -- Qihoo 360
Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE:
QIHU), a leading Internet company in China, today announced
the appointment of Dr. John Liu as
Chief Business Officer, effective immediately.
Before joining the Company, Dr. Liu served as the Corporate Vice
President and Head of Greater
China at Google Inc. since January
2008, where he was responsible for business development and
operations in Greater China. From
2002 to 2007, Dr. Liu was the CEO of China Operations at SK
Telecom. Prior to that, Dr. Liu held various senior management
positions in a number of tech and telecom companies. Dr. Liu
received his B.S. degree from Beijing Normal University and earned
his Ph.D from Technical University of
Denmark.
"We are very excited to welcome Dr. Liu on board," said
Mr. Hongyi Zhou, Chairman and Chief Executive Officer of Qihoo
360. "His broad and deep experience in business development and
operations is invaluable to us as we continue to expand our
footprint in fast growing new markets."
Mr. Xiangdong Qi, President of Qihoo 360,
added, "We are pleased to have Dr. Liu as another strong
addition to our senior management team. We believe that his
knowledge and skill set will greatly benefit the Company and help
us execute our strategy in search monetization and other areas.
"
"I am thrilled to take the opportunity to join Qihoo 360 and to
be part of the experienced senior management team," said Dr.
John Liu. "Qihoo 360 is one of the
fastest growing companies with focus on user satisfaction and
product innovation. I really look forward to working closely with
the entire team and helping the Company to achieve its long term
objectives."
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet
company in China. The Company is
also the number one provider of Internet and mobile security
products in China as measured by
its 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 open Internet platforms in China and monetizes its massive user base
primarily through online advertising and through Internet
value-added services on its open platform.
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
annual report on Form 20-F dated April 19,
2013.
For investor and media inquiries, please contact:
Qihoo 360 Technology Co. Ltd.
In China:
Tel: +86-10-5878-1574
E-mail: ir@360.cn
In the U.S.:
The Piacente Group, Inc.
Kathy Price
Tel: +1-212-481-2050
E-mail: qihu@tpg-ir.com
SOURCE Qihoo 360 Technology Co. Ltd.