Qihoo profit drops as rising costs erode ad sales
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Qihoo profit drops as rising costs erode ad sales

Shanghai : China | Aug 23, 2012 at 2:18 AM PDT
Source: Chinadaily
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Qihoo 360 Technology Co, the maker of China's most-popular Web browser, said second-quarter profit fell 37 percent as the company boosted spending on new services such as a search engine, eroding higher advertising sales. Net income declined to $7 million in the three months ended June 30, from $11.1... FULL ARTICLE AT Chinadaily
 
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