Cloudary, the Internet literature subsidiary of Shanda Interactive Entertainment Limited, and Qihoo 360 have inked a strategic cooperation to jointly provide Internet literature search contents to Chinese users.
Wang Xiaochuan, chief executive officer of Sogou.com, said that the company’s revenue from search engine, website navigation, and games were USD22 million, USD7 million, and USD1 million, respectively, in the second quarter of 2012.
Chinese Internet websites have continued to benefit from the maturing demand for online branding, Internet promotions, and e-commerce sales.
Chinese online media and entertainment company Sohu.com Inc. announced record total revenues of USD233 million, up 42% year-over-year and 17% quarter-over-quarter, as it reported its unaudited financial results for the third quarter ended September 30, 2011.
According to a 8-K form submitted by Sohu.com to the U.S. Securities and Exchange Commission, the Chinese business-to-business e-commerce company Alibaba.com will invest USD15 million to acquire a 10% stake in Sogou.com, a subsidiary of Sohu.com.
Chinese Internet search engine firm Baidu.com and the School of International Business of Sun Yat-sen University in Guangzhou have jointly announced the launch of an elective course in search engine marketing.