This company cannot be worth $3 billion, maybe $1billion
Lived in China for eight years, and it appears to me this company's websites are not up to par in China's market. Tried to search in Chinese on their websites, and it was slow. The 360 website offers free anti virus softwares, but it has been published on Baidu that 360 offers trojan horse laiden software potentially and its browser has many "backdoors" alledgedly. Since Baidu is a competitor, I would take it with a grain of salt; however, there is no free lunch as we all know. Anything that appears to be free is just a trap. That is exactly what this company and its share prices are, in my opinion. Why would a mandarin-centric web presense raise money in the USA, while it can easily do so in Singapore, Hong Kong or Taiwan. IMHO, because the people who buy into this stock cannot even read a single character of Chinese! Be aware of possible insider pump and dump. This is going way down in a short period of time. I'm way short/put on Qihoo.
You are on drugs. China pop. is 10x USA. Q360 has 10% market share of GOOG. GOOG has a market cap of 223b so 10% is 23b. Do you still think 360 should be $1b market cap? Naturally I'm comparing apples to apples with respect to market share but we can't get any real numbers from any Chinese companies. And I'm assuming 360 will grab more market share as time goes on. They grabbed 10% with the flick of a switch.
huh? 10% of goog market cap???? are u nuts?? Qihu is doing its own search engine so there is a lot of hype surrounding it for time being. Let the results row in and see how much they really grab and staying power. And whether the CEO can work with chinese govt and kiss the right hands.