Zhou Hongyi, the co-founder and CEO of internet security firm Qihoo 360, responded on the evening of July 11 to the issue of "transferring the 1 billion-yuan capital increase right of Hozon Auto."
Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
“The Internet is a natural monopoly industry, and if it is still dominated by Baidu, Alibaba and Tencent in a decade, it will be most unfortunate for China,” Richard Liu said at the release of Qihoo 360 CEO Zhou Hongyi’s new book in Beijing on November 19.
China’s internet security giant Qihoo 360 is set to listing on the Shanghai stock exchange after it was delisted from the New York Stock Exchange last year.