Sohu

Sohu, Inc.
Type of business Public
Traded as NASDAQ: SOHU
Founded August 1996 (IPO July 2000)[1]
Headquarters Beijing, China
Founder(s) Charles Zhang and Edward Roberts
Key people Charles Zhang (President, Chairman, CEO)
Carol Yu (CFO)
Industry Internet
Products Online services
Revenue $1.86 billion USD (2017)[2]
Employees 7,098 (December 2012)[3]
Website sohu.com
Alexa rank Decrease 15 (August 2018)[4]
Sohu.com Internet Plaza

Sohu, Inc. (Chinese: 搜狐; pinyin: Sōuhú; literally: "Search-fox") is a Chinese Internet company headquartered in the Sohu Internet Plaza in Haidian District, Beijing.[5][6] This company and its subsidiaries offer advertising, a search engine, on-line multiplayer gaming and other services. For the fiscal year ended December 31, 2007, Sohu Inc.'s revenues increased 41% to $188.9M. Net income increased 31% to $35M.[7] Sohu was ranked as the world's third- and twelfth-fastest growing company by Fortune in 2009 and 2010, respectively.[8][9]

History

On February 8, 2005, the company reported a drop in fourth-quarter net income to $6.5 million.[10] On December 23, 2005, the company was to operate an online TV station to provide point-to-point (P2P) video services in 2006.[11]

Allegations against Google

On April 6, 2007, Sohu made a request that Google stop providing its Google Pinyin Input Method Editor software for download because portions of Sohu's IME software, Sogou Pinyin, were allegedly copied in order to construct it.[12] The detection of the alleged copyright infringement was found due to a suspicious error found in both IMEs, notably the translation of the pinyin "pinggong" which erroneously produces the actor and comedian Feng Gong.[13] On April 9, 2007, Google's spokesman Cui Jin has admitted that the pinyin Google IME "was built leveraging some non-Google database resources."[14]

2008 Olympic Games website

In November 2005, Sohu was selected to be the Official Internet Content Service Sponsor of the Beijing 2008 Olympic Games. Sohu was provided exclusive services to construct, operate and host the official Beijing Olympics website.[15]

NASDAQ listing

Sohu has been listed on NASDAQ since 2000. On 7 March 2013, reports surfaced that the company wanted to go private. However, Sohu's chief financial officer Carol Yu denied the rumor.[16]

Recent news

Sohu’s Sogou.com search engine was in talks to be sold in July 2013 to Qihoo for around $1.4 billion.[17] On September 17, 2013, it was announced that Tencent has invested $448 million for a minority share in Chinese search engine Sogou.com, the subsidiary of Sohu, Inc.[18]

References

  1. ↑ Sohu timeline
  2. ↑ "2017 Annual Report" (PDF). Retrieved August 3, 2018.
  3. ↑ "Company Profile for Sohu.com Inc (SOHU)". Retrieved December 31, 2012.
  4. ↑ "sohu.com Site Overview". Alexa Internet. Retrieved 2018-01-31.
  5. ↑ "Contact Us." Sohu. Retrieved on December 27, 2010. "Headquarter Office Sohu.com Internet Plaza, No.1 Park, Zhongguancun East Road, Haidian District, Beijing 100084, PRC ."
  6. ↑ "Sohu.com." CNN Money. Retrieved on August 19, 2009.
  7. ↑ "Company Profile". Reuters.
  8. ↑ "The World's 3rd Fastest-Growing Company In 2009". Fortune magazine.
  9. ↑ "The World's 12th Fastest-Growing Company In 2010". Fortune magazine.
  10. ↑ "SOHU.COM INC: NET INCOME DECLINES BY 44% AS NONADVERTISING SALES DROP".
  11. ↑ "Sohu.com to Operate Online TV Station for P2P Video Services".
  12. ↑ Lemon, Sumner (April 8, 2007). "Rival Asks Google to Yank 'Copycat' Application". PC World. IDG. Retrieved April 11, 2007.
  13. ↑ Lemon, Sumner (April 6, 2007). "Google Evades Question About Software Similarities". PC World. IDG. Retrieved April 11, 2007.
  14. ↑ Lemon, Sumner (April 9, 2007). "Google Admits Using Outside Source for Chinese App". PC World. IDG. Retrieved April 11, 2007.
  15. ↑ "Sohu.com to run website for Beijing 2008 Olympic games". ChinaTechNews.com. Retrieved November 7, 2005.
  16. ↑ Levisohn, Ben (March 6, 2013). "Sohu denied rumors of Nasdaq delisting". Barrons.com.
  17. ↑ Reuters (19 July 2013). "Deals of the day -- mergers and acquisitions". Reuters.
  18. ↑ Aitken, Todd (17 September 2013). "Tencent invested $448 million in Chinese search engine Sogou". CEOWORLD Magazine.
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