Sohu Results Top Expectations

From Reuters:

"Chinese Internet media firm Sohu.com Inc. reported a 37 percent rise in quarterly profits led by strong growth in its wireless business and large tax benefits, sending its shares up 10 percent.

Fourth-quarter net income rose to $8.9 million, or 23 cents per diluted share, compared with the year-earlier quarter's $6.5 million, the Beijing-based company said on Monday."

China Net Investor: Sohu.com is the second most popular portal in China and a competitor in China's search market with its own search engine sogou.com.

Related:
China search market overview