Qihoo 360 CEO Sees 15%-20% Search Market Share - Alphabet (NASDAQ:GOOG)

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Qihoo 360 (NYSE: QIHU) CEO Zhou Hongyi, sees the company having a 15% to 20% share of China's search market, according to

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. The company has hired a number of former Google (NASDAQ: GOOG) to develop new features to help enhance the user's search experience.Zhou said "based on our strong traffic and browser coverage, we hope to take a reasonable portion of China's PC search market, namely around 15%-20%." He did not provide a timetable for achieving that goal.Qihoo 360 closed at $20.57 on Wednesday.