IN BRIEF (Page 7)

Qihoo returning to A-share market

Chinese anti-virus software maker Qihoo 360 Technology Co Ltd is set to return to the Chinese mainland stock exchange through a backdoor listing after agreeing to a 50 billion yuan ($7.57 billion) deal with elevator maker SJEC Corp. SJEC said in a stock exchange statement on Friday that it would acquire Qihoo 360 through an asset swap and share issue, which would allow for the software firm's backdoor A-share listing. Qihoo 360 was listed in the United States in 2011 until its privatization last year by a consortium led by its chief executive and founder, Zhou Hongyi, for about $9.3 billion.

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