Pandaily: Sohu Launches Huyou And Joins China’s Social Media War. “Sohu CEO Charles Zhang announced on June 9 the launch of Sohu’s new social media app named ‘Huyou’ (lit. Fox Friends). The app has been independently developed for over a year before its official launch on Sunday.”
Bloomberg: Tencent-Backed Sogou Aims for Up to $585 Million in U.S. IPO. “Sogou Inc., the Chinese search engine backed by Tencent Holdings Ltd., aims to raise as much as $585 million in a U.S. initial public offering. The company, born from the Chinese media company Sohu.com Inc., is marketing 45 million American depositary shares for $11 to $13 apiece, according to a filing Friday with the U.S. Securities and Exchange Commission. Sogou said it intends to use the proceeds for research and development and sales and marketing.”
Bloomberg: Sohu Surges as Its Chinese Search Engine Prepares U.S. IPO. “Sohu.com Inc. rose the most in almost five years after its chairman said the Chinese company’s search engine subsidiary Sogou is on a ‘very good trajectory’ as it prepares for a public listing in the U.S.”
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