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On 25 May, Chinese Foreign Ministry spokesman Zhao Lijian strongly criticized the step, asking the US to "revoke the relevant decision and stop interfering in China’s internal affairs".
accused Qihoo 360 and others of playing roles in the crackdown in Xinjiang by "enabling China’s high-technology surveillance" in Xinjiang. In May 2020, Qihoo 360 and other Chinese companies were placed on the Bureau of Industry and Security's Entity List due to U.S. On 4 November 2016 Golden Brick Capital (Qihoo included) completed the acquisition.
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On July 18, 2016, Qihoo 360 bought most of Opera Software for US$600 million. On July 15, 2016, Qihoo 360 announced the finalization of its take-private transaction. On December 18, 2015, Qihoo 360 agreed to be acquired by a group of investors in a deal valued at about $9.3 billion. On July 11, 2014, the company set up a venture capital fund in Silicon Valley. In December 2013, the company increased its stake in the Brazilian tech company PSafe.
"Hao" in Chinese means good Haosou directly translated to English means "good search engine". In early 2015, Qihoo rebranded its so.com search engine as. At the end of July 2013, Qihoo was in early talks to acquire ’s search engine for around $1.4 billion. On July 18, 2013, Qihoo launched its second search engine,, which aimed at increasing its presence in the mobile market. Qihoo's share of unique visitors grew to 10.52% of the total search engine market in China. Later in 2012, Qihoo 360 launched the search engine so.com, thereby directly competing with Baidu, the most prominent search engine in China. Qihoo 360 received over 220,000 pre-orders for the phone the first day. Qihoo 360 stated that Haier will provide the hardware while Qihoo 360 will focus on customising the software, albeit the main operating system will be Android. In the summer of 2012, Qihoo 360 entered the smartphone market by launching the Battleship phone together with the large Chinese electronics company Haier. As of January 2014, the market cap is $11.42B.
The revenues increased by 96.0% from $167.9 million in 2011 to $329.0 million in 2012. 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. Qihoo 360's main revenue sources include online advertising on the 360 Startup Page and revenue sharing with independent game developers who have published their games on the 360 Mobile Assistant.
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