Qihoo 360 Open to Buying Stakes in Smaller Rivals, CEO Zhou Says

Qihoo 360 Technology Co. Chairman Zhou Hongyi said the Chinese antivirus company is willing to acquire stakes in smaller businesses, as it competes against larger rivals such as Baidu Inc. and Tencent Holdings Ltd.

Zhou said in an interview in Hong Kong yesterday that he has always considered investing and acquiring smaller companies to help more Internet startups grow. Qihoo has invested in more than 100 companies since its initial public offering, according to Zhou.