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China's internet wunderkind in the dock over alleged fraud

posted onJuly 3, 2012
by l33tdawg

Chinese internet darling Qihoo 360 Technology has been accused by the research arm of hacktivist group Anonymous of deliberately overstating the volume of traffic to its site in order to attract advertisers, allegations which if true could see it kicked off the New York Stock Exchange.

Qihoo has had a spectacular impact on its domestic market since it broke onto the scene in 2006, and now claims there are over 410 million active users of its AV software and web browser offerings.

The firm also followed rival Chinese web giants Baidu and Alibaba recently in announcing plans to launch an own-brand smartphone in an attempt to attract more users to its online services.

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China Internet Industry News Law and Order

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