I said that QIHU should never command a higher p/e (2015's) than BIDU.
1. Will QIHU grow faster than BIDU after 2015? Probably not. So it should not have a higher p/e.
2. QIHU has only one product, compared with multiproducts and deep research of BIDU.
3. Its sole product is a junk to me.
4. QIHU's major revenue is from games, a segment that deserves a p/e of only 10.
The stock under rational market should be traded below $60., and with high risk.
Now looking back, QIHU is the company which indeed swam naked. No other Chinese stock has been weaker. That is just a reflection of the real business. In a couple of years its survival will be called into question.
Did you miss the boat when QIHU was only $20, $30, $40 etc..?
Gaming, search advertising, Mobile, security... I only name a few obvious, everyone knows products QIHU has.
Bidu is good. Qihu is a newer company that is on its earlier growth than Bidu. That is why its PE is higher than Bidu.