The search engine Qihoo got a second round of VC capital of over 20 million US dollar, reports Venture Beat, despite - or maybe because of - a high-profile brawl between founder Zhou Hongyi and Alibaba-chief Jack Ma, also owner of Yahoo China.
Qihoo is focusing its searches on Chinese weblogs and BBS's, making the number three search engine in China to a useful contribution.
Dan Nova of Highlands will be joining the board on behave of the investors and comments on the legal battle:
Nova said he is not concerned about potential lawsuits. Zhou is not a liability, he said, noting that Zhou has demonstrated his prowess and integrity by founding search company 3721 (later bought by Yahoo), and by the fact that his backers at 3721 (IDG, for example) are backing him again at Qihoo. “He’s a rock-star among Chinese entrepreneurs,” Nova said.
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