China's tech sector is the Wild West, and QIHU is the muscle
Chinese courts provide little legal protection for tech companies.Lawsuits are no deterrent, resulting in minor compensations. In this environment QIHU is like in a shark in a fishbowl. Buying Sogou would be the conventional way to the top, QIHU is anything but. Their unconventional, guerilla tactics of hacking and hijacking apps, and fighting with rival CEO's on Weibo (Chinese twitter) are fascinating. I can't look away from these guys.They take the the quote "If your not cheating, your not trying" literally.
While I believe this will be QIHU's quickest way to the top, it will be a bumpy road.The stock price will suffer here and there with lots of negative publicity. Also Qihu has many enemies lining up against them. There is the possibility for some "frontier justice" in the wake of weak Chinese courts.
In the infancy of China's "Internet Goldrush" it is "anything goes"... therefore my money is on the smartest guy in the room, QIHU.