Thursday, March 03, 2005

Sohu Aiming to Take Industry Lead

From CHINAdaily: Sohu aiming to take industry lead

""Our new goal is to become the biggest online media platform and search engine provider in China," said Zhang (CEO of the Chinese Internet company in an interview in Beijing, adding that he has no intention of selling his firm in the face of stiffening competition from its market rival."

"Sina is the biggest Chinese Internet portal and online advertising company, but the possible acquisition of Sina by Shanghai-based Shanda may be the incentive Sohu needs to achieve its goal. ... He believed the acquisition would bring more opportunities than threats, as Sina's management is consumed with the potential merger and formulating defences."

"The company recently released a new version of its search engine - Sogou 2.0 - to the market, in an attempt to lure more users through faster and more accurate search results." Read more


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