QIHOO 360 Technology Co. Ltd. (QIHU) Q2 2012 Earnings Call August 21, 2012 8:30 p.m. EDT Executives Helen Wu - Director of IR Hongyi Zhou – Chairman and CEO Alex Xu – Co-CFO Analysts Timothy Chan – Morgan Stanley Jiong Shao – Macquarie Bin Liu – Citigroup Tian Hou – T.H. Capital Wendy Huang – CIMB Andy Zhao – Bank of America Cynthia Meng – Jefferies George Askew – Stifel Nicolaus [Nancy Yang] – [86 Research] Kevin Kopelman – Cowen & Co. Alicia Yap – Barclays Capital Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Qihoo 360 Second Quarter 2012 Earnings Conference Call. [Operator Instructions]. I must advise you that this conference is being recorded today, Wednesday, the 22nd of August, 2012.
Our mobile internet user base continues to expand and Qihoo's mobile security solution gained traction and market share amongst smartphone users in China. According to data from iResearch and [CCIB], total smartphone user of Qihoo 360 mobile security solution already reached 120 million, representing almost 70% of the market share in smartphone mobile security, giving us a very clear leadership position. Building upon the popularity of our mobile security solution, we also offer competitive mobile internet products portfolio that will further expand our influence in mobile internet. 360 Mobile Assistant and app store for Android has become one of the most popular Android market players in China since its launch less than one year ago. 360 Mobile Browser also well-received by Android and iOS mobile device users in China.During the second quarter, we introduced 360 [co-brand] smartphone with [startup] domestic handset manufacturer. These smartphones are preloaded with Qihoo 360 full package of mobile internet products and offered to users at a best in market price to performance with retail. They are widely popular among users. With this offering, we not only form strong relationships with key industry players and create a distribution channel for our mobile internet products, but also closely link the Qihoo 360 brand with mobile internet. Through all of these strategic efforts, we have gradually established ourselves as a leading player in China mobile internet. We will continue to make a solid investment in product development and technology and expand our coverage in both PC and mobile internet. In addition, we are building our cross-platform reach by providing cloud-based service, which enable users to seamlessly aggregate their digital [lives] in PC and mobile internet. Read the rest of this transcript for free on seekingalpha.com