Chinese tech mogul Zhou Hongyi’s divorce has resulted in an eye-popping $1.3 billion settlement, as his former partner Hu Huan has been given a 6.25% stake in his cybersecurity company. Zhou remains chairman of 360 Security Technology Inc., and at one time was worth over $13 billion, according to the Bloomberg Billionaires Index.
360 Security Technology Inc. is a cybersecurity firm that was delisted from the New York Stock Exchange in July 2016 and then listed in February 2018 in Shanghai, although his fortune has since dropped due to the Chinese government’s crackdown on tech companies. However, the company surged 63% in March due to China’s support of the artificial intelligence sector, and Zhou was appointed to China’s top political advisory body.
The company specializes in antivirus software, internet security, and system optimization, and continues to garner attention in the tech world as they work hard to ensure every customer is secure. They are also involved with cloud computing and providing cloud services, and their 360 anti-ransom software is regularly used by many major companies to protect against malicious threats.
As for the person mentioned in the article, Zhou Hongyi is a Chinese businessman and billionaire. He is the chairman and CEO of 360 Security Technology Inc., and was previously the chairman and CEO of Qihoo 360 Technology Co. Inc. He has extensively invested in tech startups and tech companies all over China, and also invests in biotechnology, artificial intelligence, and big data. He was born in 1969 and, alongside his various business ventures, he has been an activist for internet security in China. Additionally, he was recently appointed to China’s top political advisory body.