Chinese tech tycoon's ex-wife becomes billionaire after divorce settlement

Chinese cybersecurity company 360 Security Technology (Qihoo 360) has announced that its billionaire Chairman Zhou Hongyi and his wife Hu Huan are divorcing. Zhou would give a 6.25% share of the company to his ex-wife Hu Huan, which is worth more than $1 billion. The marriage ended on friendly terms, the company said in a statement.