Baidu Takes Aim at Qihoo
Jan 22nd 2013 8:42PM
Updated Jan 23rd 2013 2:20AM
When the Chinese antivirus software company Qihoo 360 recently launched its own search engine to compete with Baidu , which had been far and away the market share leader in Chinese search, many thought they wouldn't have a chance. But now that Qihoo has 9% of the market share and Baidu has seen its 80% erode away to 73%, the Chinese search giant is not happy. It's fired back by launching its own antivirus software, stepping into Qihoo's wheelhouse in the same way that Qihoo has done. In this video, Fool.com contributor Kevin Chen discusses what this means for investors, and whether or not it is a major event for these companies.
Regardless of your short-term view on the Chinese economy, there may be opportunity in Baidu (a.k.a. the "Chinese Google"). Our brand-new premium report breaks down the dominant Chinese search provider's strengths and weaknesses. Just click here to access it now.
The article Baidu Takes Aim at Qihoo originally appeared on Fool.com.Fool contributor Kevin Chen has no position in any stocks mentioned. Austin Smith owns shares of Google and Baidu. The Motley Fool recommends and owns shares of Baidu and Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.