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Chinese cybersecurity firm Qihoo 360 has shut down a controversial livestreaming platform that allowed people to stream footage online from surveillance cameras in locations such as classrooms and restaurants to grocery stores. The move, announced on the platform's official microblog account on Wednesday, comes after the service sparked an outcry over concerns it infringed on people's privacy and a fierce debate about the limits of surveillance. The platform allowed people who bought Qihoo surveillance cameras to upload feeds.
Nov 29 (Reuters) - SJEC Corp: * SAYS ITS TARGET COMPANY QIHOO 360 TECHNOLOGY IS AWARE OF UNIT QIFEI INTERNATIONAL DEV'S INVOLVEMENT IN LEGAL SUIT * SAYS QIFEI INTERNATIONAL DEV HAS NOT RECEIVED COURT DOCUMENT ...
HONG KONG/SHANGHAI (Reuters) - Chinese cybersecurity software giant Qihoo 360 Technology Co Ltd said on Monday that the "national interest" was an important driver for its choice to return to the Chinese stock market via a potential $7.5 billion backdoor listing. Qihoo 360 was listed in the United States from 2011 until its privatization last summer by a consortium led by its chief executive and founder, Zhou Hongyi, for about $9.3 billion. Zhou told reporters in Shanghai on Monday that delisting in the United States and moving to China would allow it to become "a key member" of the country's national cybersecurity strategy.