Qihoo plans legal action against Citron
Qihoo 360 Technology Co. Ltd. (“Qihoo 360″ or the “Company,” NYSE: QIHU), a leading Internet company in China, today initiate legal procedure against Citron Research and its main contributor Mr. Andrew Left (“Citron”). The Company has sent a letter to Citron and demands Citron immediately cease and desist from committing any and all improper and/or illegal activities in relation to its untruthful publications or statements regarding Qihoo 360. Without limiting the generality of the forgoing, the Company demands Citron (1) correct or remove those untruthful sections in the Publications within ten (10) days upon the receipt of the letter, and (2) apologize to Qihoo 360 for Citron’s undue activities. Qihoo 360 reserves its right to pursue further legal remedies.
Kai-Fu Lee initiates legal action against Citron
I wrote a fact-based report challenging Citron’s reports on China search companies. Citron has not explained any of the errors I brought up, but instead has attacked me personally with accusations that have no factual basis and are not truthful. Such malicious statements have been deliberately and publicly made in order to damage my reputation, in an attempt to avoid address my criticisms of Citron’s report. I have no choice but to file a lawsuit against Citron and Mr. Andrew Left.