Analysis Of The Case Of Qihoo 360 Backdoor Listing

The 21st century is the century of the Internet,people's life links with Internet more closely.Industries such as the online game,online shopping,online banking and so on develop rapidly.Network security services have played an important role in people's Internet activity.Typically,Qihoo 360 is currently the largest enterprise in China's network security service category.Because the previous listing regulations were too harsh,Qihoo 360 had to embark on the road of listing abroad.With the continuous development of China's economic market the domestic economic situation is getting better,which provides more and more opportunities for various companies to go public.So many companies which listed overseas have the idea of returning to China.however.the popularity of domestic listings has forced these companies to wait in line.Many companies are at a critical stage of development,long queues are enough for them to miss out on development opportunities.Therefore,these companies have to quickly move to the A-share market through the method of backdoor listing.The method of case analysis is applied in the article,and the related theories and concepts of backdoor listing are also studied.With the support of relevant theories,the reason why Qihoo 360 chose Jiangnan Jiajie among so much shell resource companies in the backdoor listing is analyzed in this article.And the reasons why Jiangnan Jiajie sold shells and how to reach an agreement with Qihoo 360 are also analyzed.Through the analysis of specific cases and the comparison of data,the process of Qihoo 360 borrowing from Jiangnan Jiajie is analyzed in this article,and the results are summarized.It is concluded that when the company is listed on the backdoor,it is necessary to prepare well and choose the right way to go public.At last.Qihoo 360.other companies and related regulators who want to list in A-shares are advised in this article.I hope that my research can provide an effective reference for their backdoor listing or a chance to return to A-shares.