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Qihoo 360 Technology Co Ltd (QIHU US)

Year: 2011

Chinese internet security company Qihoo 360 Technology (Qihoo) was attacked by short-seller Citron Research in November 2011, alleging fraud. Over the next six months, until April 2012, Citron published a total of six reports. It was joined by Deloitte-Watch.com and Anonymous Analytics. In April 2021, Qihoo published its audited financial statements with an unqualified opinion from Deloitte. Its stock would go on to rise five-fold over the next two years. Although Qihoo's financials have fraud-like traits, the allegations remain unproven. Qihoo was taken private in July 2016 and relisted in China in 2018. 

Last updated November 2021

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