Google has 6% share, down from 10% pre-Qihoo, while Qihoo itself has 9.2% share.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
Qihoo said it had now decided to prioritise services other than Baidu's in its results.
Qihoo's earlier solution was to re-direct users to the cached page of a specific Baidu website.
In August this year Qihoo 360 Technology, an anti-virus software company, launched a competing search engine.
Qihoo told the BBC that the market leader had been using aggressive measures to preserve its user base.
He counts New York Stock Exchange-listed Qihoo 360 among his business partners.
China's search giant Baidu is trying to fend off rival search engine Qihoo 360, launched less than a fortnight ago.
We still hope to see it in China, though at this point the freeware company Qihoo 360 just destroyed the market.
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At Qihoo 360, our web game monthly ARPU has been very consistent in the past two years, with some seasonal fluctuations.
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Yesterday, Jefferies analyst Cynthia Meng cut her rating on the stock out of concerns about the loss of revenue due to Qihoo.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
Qihoo, originally an anti-virus provider, launched its search tool on 16 August.
Baidu has faced growing competition in its core search business from Qihoo, putting pressure the profitability of its once high-flying main profit engine.
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The company's chief financial officer Alex Xu told the BBC that Qihoo had noticed Baidu interfering with search results a few days later.
The recent listings of WI Harper-backed data center deal 21Vianet on NASDAQ and Qihoo 360 on NYSE all add to the buzz.
One analyst said that it was unlikely Qihoo would threaten Baidu's lead in the short term, but the dispute was already frustrating web users.
Known mostly as creator of a Web browser widely used in China, Qihoo recently jumped into the search market, and appears to be getting considerable traction.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
Just this week, Sequoia saw the successful listing of Beijing portfolio company Qihoo 360 Technology, its ninth IPO of a Chinese company since July 2010.
Kessler notes that data from Hitwise Experian shows Baidu as of mid-September had about 58.3% of the market, down from the low-to-mid 60s before Qihoo entered the market.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
Qihoo 360 (2011 IPO) grew up fighting with the giants.
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Hellawell specifically cited the risks posed by competition from Qihoo.
The company competes with Google and Qihoo, among others.
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In the pre-earnings article, we had expressed our concerns regarding the increasing competition that Baidu faces from players such as Qihoo, which launched a competing search engine during the third quarter.
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However, we expect this figure to decline in the future on account of growing competition from newer players such as Qihoo, as well as rising adoption of mobile Internet in the country.
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As a provider of a popular Web browser, Qihoo was well positioned for a rapid takeoff in the search sector, and in fact appears to be causing considerable trouble for sector leader Baidu.
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As noted by StreetInsider, Hellawell wrote in a research report that his channel checks found that Baidu has lost 4-8 percentage points of search traffic since Qihoo entered the market on August 16.
Meng says that the shift of some Internet search traffic to Qihoo from Baidu is likely to result in Baidu missing current Street profit and revenue estimates for the fourth quarter and beyond.
Among other factors, Baidu shares have been under pressure from growing concerns about loss of market share to Qihoo 360, the leading Web browser provider in China, which recently entered the Internet search market.
FORBES: Baidu Slides As Credit Suisse Cuts Rating To Underperform
The Street continues to back away from shares of Baidu, the leading player in the China Internet search market, out of concern that the company is losing market share to new entrant Qihoo 360.
FORBES: Baidu: Another Day, Another Rating Cut; Qihoo Takes A Toll
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