Qihoo 360 v. Tencent Final Verdict Released

The final verdict of Qihoo 360 Technology Co. Ltd (Qihoo 360) suing Tencent Technology Co., Ltd (Tencent) for industry monopoly was eventually delivered on October16th 2014. In November 2012, Qihoo 360 brought a lawsuit before the Guangdong Provincial Higher People’s Court against Tencent, suing that the defendant shall be responsible for monopoly in the instant messaging market. On March 20th 2013, Guangdong Provincial Higher People’s Court dismissed all claims made by Qihoo 360 in the first instance. Later, Qihoo 360 appealed to the Supreme People’s Court, claiming for 150 million yuan of economic losses. On November 26th 2013, the Supreme People’s Court held hearings for the second instance. Nearly a year later, the Supreme People’s Court made the final verdict to sustain the original judgment of the first instance by claiming that though it is inappropriate in determining some facts, it applied the law properly.