Word: sohu
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...also surprising. Normally such stories are ignored or simply dismissed by noting, for example, that a dozen farmers were arrested for disturbing social order. But this was different. Xinhua, China's official news agency, responded quickly and produced unusually long investigative stories. China's two largest websites, Sina and Sohu, published a headline about the incident on their front pages and updated their stories every few hours. And the local Guizhou television network broadcast live coverage up to 24 hours after the incident occurred, even showing the Weng'an police headquarters in flames, usually a strong taboo in China...
...illegal in China, as well as personal slander and "political things." One of China's two biggest portals, Sohu.com, routinely talks with government regulators about what topics to add to the forbidden list. "China is undergoing a huge experiment in its transition to a free society," explains Charles Zhang, Sohu's CEO. "We need to be responsible to see that reforms go steady and stable...
...China, the Internet crowd is partying like it's 1999. Stocks like Sohu and Sina.com - Yahoo! or MSN equivalents - are soaring. IPOs are hot (Baidu.com, a.k.a. the Google of China, debuted on the Nasdaq recently and quadrupled in price on its first day of trading). And so important is China to e-commerce giant eBay that CEO Meg Whitman has been camped out in sweltering Shanghai for most of the summer, making sure eBay gets its China strategy right...
Charles Zhang is not afraid of heights. Recently, Zhang, 39, the founder of Chinese Internet portal Sohu.com was clinging to the face of Mount Everest, 6,666 m above sea level. That's high but nothing compared with the altitude of his company's stock price. On July 10, Sohu shares closed at $38.25 on NASDAQ--a gain of 245% since April 1. More impressive, Sohu shares are worth 36 times their value during the dark days of the Internet bust, when they traded for less than...
...Sohu, which started in 1996 as the first Chinese-language search engine, surprised critics by turning profitable in the third quarter of last year. For the second quarter of 2003, it posted a stunning $7.5 million profit on $19.3 million in revenue. But the climb has not always been smooth. During the shake-out following the dotcom crash, shareholders questioned the company's heavy dependence on banner-ad revenue. Hostile board members and disgruntled investors wanted professional management to replace him. Zhang says his nonconfrontational style helped him hold on, but the experience "was the worst sort of psychological torture...