BEIJING, April 23, 2014 /PRNewswire/ -- Qihoo 360
Technology Co. Ltd. ("Qihoo 360" or the "Company") (NYSE:
QIHU), a leading Internet company in China, today announced
that it has formed a strategic partnership with Sungy Mobile
Limited ("Sungy Mobile") (Nasdaq: GOMO), a leading provider of
mobile internet products and services globally with a focus on
applications and mobile platform development. Qihoo 360 will use
Sungy Mobile's international app distribution platform to introduce
a wide range of mobile security and mobile utility apps, including
system cleanup and battery management apps, to users in key
markets, including the United
States.
Sungy Mobile's platform product, GO Launcher EX, manages apps,
widgets and functions on Android smartphones and serves as users'
first entry point to their phones. It is the mobile access point
from which many Android users are able to find new and innovative
ways to customize their experience, download apps and interact with
their mobile devices every day. It has a proven track record of
successfully distributing Android apps in the international
markets, and Qihoo 360 will leverage this distribution network to
bring to international users its industry leading mobile security
product 360 Mobile Safe, as well as other popular mobile utility
apps such as system cleanup and battery management apps.
"We are extremely excited to work with Sungy Mobile through this
partnership. The two companies have a lot in common in focusing on
delivering the best and most innovative products and services to
mobile users," said Mr. Hongyi Zhou,
Chairman and CEO of Qihoo 360, "As we have established a clear
leadership position in mobile security in China, we are actively looking at
opportunities to expand internationally. We believe Sungy Mobile's
success in overseas markets will add significant strategic value as
we pursue international expansion. Through this partnership, more
and more overseas users will be able to enjoy the same level of
high quality protection and convenience provided by Qihoo 360,
along with currently over 500 million Chinese smartphone
users."
Mr. Yuqiang Deng, CEO of Sungy
Mobile said, "GO Launcher EX has established a strong beachhead in
developed countries and regions, such as the United States and European Union. Since
last year, we've been helping Chinese companies access
international markets through our strong distribution channel.
Qihoo 360 is an outstanding company and I am very happy that Sungy
Mobile works together with them. Sungy Mobile will further explore
international markets with more and more companies from
China."
About Qihoo 360
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) is a leading Internet
company in China. The Company is
also the number one provider of Internet and mobile security
products in China as measured by
its user base, according to iResearch. Qihoo 360 also provides
users with secure access points to the Internet via its market
leading web browsers and application stores. The Company has built
one of the largest open Internet platforms in China and monetizes its massive user base
primarily through online advertising and through Internet
value-added services on its open platform.
About Sungy Mobile Limited
Sungy Mobile Limited is a leading provider of mobile Internet
products and services globally with a focus on applications and
mobile platform development. Sungy Mobile's platform product, GO
Launcher EX, manages apps, widgets and functions on Android
smartphones and serves as users' first entry point to their phones;
it is the mobile access point from which many Android users are
able to find new and innovative ways to customize their experience,
download apps and interact with their mobile devices every day.
Forward-looking Statements
This press release contains statements of a forward-looking
nature. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. You can identify these forward- looking statements by
terminology such as "will," "expects," "believes," "anticipates,"
"intends," "estimates" and similar statements. Among other things,
the management's quotations contain forward-looking statements.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on current expectations,
assumptions, estimates and projections about Qihoo 360 and the
industry. Potential risks and uncertainties include, but are not
limited to: the Company's ability to continue to innovate and
provide attractive products and services to attract and retain
users; the Company's ability to keep up with rapid changes in
technologies and Internet-enabled devices; the Company's ability to
leverage its user base to attract customers for our
revenue-generating services; and the Company's dependence on online
advertising for a substantial portion of our revenues; and the
Company's ability to compete effectively. All information provided
in this press release is as of the date of the press release, and
Qihoo 360 undertakes no obligation to update any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although Qihoo 360 believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that its expectations will turn out to be correct, and
investors are cautioned that actual results may differ materially
from the anticipated results. Further information regarding risks
and uncertainties faced by Qihoo 360 is included in Qihoo 360's
filings with the U.S. Securities and Exchange Commission, including
its annual report on Form 20-F dated April
19, 2013.
For investor and media inquiries, please contact:
Qihoo 360 Technology Co. Ltd.
In China:
Tel: +86
10-5878-1574
E-mail:
ir@360.cn
In the U.S.:
The Piacente Group, Inc.
Don Markley or Glenn Garmont
Tel: (212) 481-2050
E-mail: qihu@tpg-ir.com
SOURCE Qihoo 360 Technology Co. Ltd.