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Beleaguering Baidu: Qihoo and Tencent Eye Search Market [businessinsider.com]
Zhou Hongyi, Qihoo 360 CEO revealed in the conference call for third quarter financial results that the internet security company would make vigorous efforts to build its own search service as part of a drive to enhance revenue streams, expand revenue sources as well as better leverage their unique strength in its browser and personalized start page hao.360.cn.
Tencent SVP Li Haixiang also said lately that Soso, the search portfolio of Tencent would speed up and challenge Baidu from social and wireless aspects with more R&D investments in the years to come. The Shenzhen-based company will launch a Baidu Phoenix Nest like advertising platform in next month.