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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV