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March 22, 2015

Chinese Search Giant " Sogou " plans a $3billion IPO this year

Chinese  search marketshare via )
Sogou Inc., the Chinese search engine controlled by Sohu.com Inc., is planning a U.S. initial public offering at a valuation of more than $3 billion,Sogou, Inc. is a subsidiary of Sohu.com, Inc. founded on 9 August 2010. It is the owner and developer of Sogou

The Beijing- Search based  company  sogou whose name means “Search Dog” in Chines in Chinese, could  have an IPO  as early as the second half of this

 Sogou has been in the radar screen of many investors and companies,earlier and   has seen an investment of over US$448 million in 2013 by Tencent  who acquired a 36.5% stake in Sogou. 

Spinning off China’s third-largest search site would provide a boost to majority owner Sohu, the Internet portal operator whose shares have lost more than half their value since an April 2011 peak. It would also provide funds for Sogou to gain ground against industry leader Baidu Inc. with the country’s 649 million Internet users.

 Currently the search marketshare in China is squarely led by Baidu with 74%,