valuation too high for the moment - better buy at 25$
I correct my evaluation:
QIHU is probably better than many think - but BIDU is the clear market leader with a better search technology and more experience in this field. The share prices of both companies - BIDU and QIHU - are going to rise.
My estimation for BIDU is 160$ by year end and 65$ for QIHU - the chinese market is absolutely "huge" - there is enough place and potential for both companies...