China's super-rich who have made big fortunes over the past few decades in business are now keen to acquire ultra luxurious assets after already buying so-called "hard luxury" goods like Hermes bags and Patek Philippe watches.Wednesday, 26 June, 2013, 8:35am
I've written too much about neglected web portal Sohu recently, but the latest rumours of a potential tie-up between the company and PPTV, operator of one of China's leading video websites, are just too irresistible for me to ignore.15 May 2013 - 2:13pm
Local media have been buzzing these past few days with word that online search leader Baidu is on the cusp of clinching a deal to buy video sharing site PPS, in a move that would instantly create a solid new number-two player in China.30 Apr 2013 - 11:25am
A week after shares of Internet portal Sohu went on a roller coaster ride on rumours of a de-listing plan that the company later denied, we're getting word that drug maker Simcere Pharmaceutical is launching the latest privatisation plan by a US-listed Chinese firm.12 Mar 2013 - 1:11pm
Sales would probably be US$290 million to US$299 million, the Beijing-based company said in a statement yesterday. That compares with the US$280 million average of analysts' estimates and revenue of US$226.6 million a year earlier.5 Feb 2013 - 5:28am
The Communist Party (mainly through Baidu) is represented by 2,680 Party members in Beijing's many internet companies, and late last year it decided it wants to have control over a lot more - starting soon with major players Sohu and NetEase.11 Jan 2013 - 12:16pm
I had to smile this morning when I read the latest reports on Sohu (Nasdaq: SOHU), one of China's oldest web firms, which I'm officially christening as "China's biggest little internet company" following word that it plans to make an IPO for its Sogou search engine. If readers note some sarcasm in my tone, it's certainly there.8 Nov 2012 - 3:48pm
China Agri-Industries plans rights issue6 Nov 2012 - 4:24am
Mainland internet media, gaming and search giant Sohu.com plans to continue making 'heavy investments' this year despite a sharp fall in second-quarter net profit.15 Aug 2012 - 11:07pm
Mainland internet giants Sohu, Tencent and Baidu are teaming up to buy video content together, in the hope of beating down the price.
The three firms said the copyright cost of an episode of new television soap operas hit 'a million yuan' (HK$1.23 million) last year, up from 'tens of thousands of yuan' in 2009.25 Apr 2012 - 12:00am
Mainland internet media, gaming and search giant Sohu.com said yesterday that charges related to acquisitions caused a 39 per cent fall in net profit last quarter, despite record turnover over the period.7 Feb 2012 - 12:00am
Changyou.com, a leading mainland online games developer and operator, has agreed to pay US$162.5 million in cash to acquire gaming news portal 17173.com from parent company Sohu.com.
The transaction, which is expected to close this month, marks the second major acquisition this year by Nasdaq-listed Changyou.1 Dec 2011 - 12:00am
Mainland internet media and entertainment giant Sohu forecasts a new high in quarterly revenue at the end of this year, riding the momentum gained from its record turnover in the third quarter.1 Nov 2011 - 12:00am
Sohu.com, which posted better than expected earnings in the first quarter, aims to accelerate expansion of the online games business run by subsidiary Changyou.com with a strategic US$100 million acquisition on the mainland.26 Apr 2011 - 12:00am
Sohu.com, the mainland's second-largest internet portal, has more than doubled its fourth-quarter profit, driven by its new online game, Tian Long Ba Bu.
The company said profit rose to US$15 million from US$6 million a year earlier, as revenue grew 90 per cent to US$65 million. About 33 per cent of revenue, or US$22 million, came from the free-to-play title.6 Feb 2008 - 12:00am