Qihoo 360 Steps Up Search Team Building
Qihoo 360 Technology Co (NYSE: QIHU), the developer of China's most used antivirus software, plans to increase the headcount of its search engine team to 300 to 400 by the end of the year from 160 at present, Deutsche Bank says after attending a Qihoo 360 meeting with investors. The company said agents are playing a pivotal role in reaching out to smaller customers as it competes with Baidu.com Inc (Nasdaq: BIDU), China's dominant search engine. Qihoo 360 launched its search engine So.com in August 2012 and snatched a 10% market share in just several months thanks to a large number of users of its antivirus and 360 Browser. It hopes to capture a 15% to 20% share of China's search market after hiring several former Google employees, CEO Zhou Yongyi said earlier this year without revealing a timetable for the goal.
Youku Tudou Cooperates with Qualcomm Coding Tech
Youku Tudou Inc (NYSE: YOKU), the operator of China's top two video sites, reached an agreement with Qualcomm Inc (Nasdaq: QCOM) to cooperate in the H.265 technology. The technology works to reduce the size of video files without the expense of HD quality. Under the terms, viewers will enjoy higher quality when watching videos at Youku.com and Tudou.com via a Qualcomm Snapdragon-backed smartphone.
China Mobile Begins 4G Equipment Souricing
China Mobile Ltd (NYSE: CHL, HKG: 0941), the world's biggest wireless carrier by subscribers, has invited tenders for its 4G TD-LTE network equipment. The company plans to buy 207,000 base stations for 31 provinces and provincial municipalities. Since it currently operates 300,000 3G TD base stations, the new 4G base stations will make China Mobile's TD-LTD network comparable in size to the TD-SCDMA network and will make China the world's largest LTE market.
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