The results are in for the largest legal dispute in China's internet industry. The supreme court of China today ruled against Qihoo 360's appeal, and maintained a previous ruling that the company had engaged in unfair competition.

The court also ordered Qihoo 360 to pay Tencent five million yuan for economic losses.

The two internet heavyweights have been accusing each other of infringing on consumer rights and unfair competition since mid 2011.

Experts say the results of the case could have far-reaching implications that may impact the industry's future landscape.