Reuters logo
China's Qihoo 360 denies Alibaba to take stake in company
January 9, 2014 / 2:45 AM / 4 years ago

China's Qihoo 360 denies Alibaba to take stake in company

BEIJING, Jan 9 (Reuters) - Chinese Internet company Qihoo 360 Technology Co Ltd denied on Thursday that Alibaba Group Holding Ltd would take a stake in the company.

“These are rumours someone has made up,” said Qu Xiaodong, vice-chairman of Qihoo, which has a market capitalisation of $10.93 billion. Qihoo’s shares had risen 9.3 percent on Wednesday on speculation the two were in talks on a deal.

Alibaba said it does not comment on rumours or speculation.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below