Apr 27, 2011 11:32 AM

Qihoo Ruled Unfair Competition Against Tencent

By staff reporter Wang Jiapeng

(Beijing) -- Qihoo 360 Technology Co. (NYSE:QIHU), a free anti-virus software provider, was ruled unfair competition in a lawsuit by Tencent Holding Ltd. (HKEX: 0700), China's largest instant message provider.

Qihoo was ordered to pay 400,000 yuan in indemnity to Tencent, the Chaoyang district court in Beijing ruled April 16, saying Qihoo's accusation of Tencent for spying on users' privacy is not in line with the fact.

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