Internet Software and Services
Company Overview of Sogou Inc.
Sogou Inc. operates as a Chinese online search engine. The company develops and operates internet applications such as Map, Number Pass, Voice search and smart-phone assistant. The company develops Sogou Pinyin, Sogou browser, Sogou Web Directory and Sogou.com. The company was founded in 2004 and is based in China. Sogou Inc. operates as a subsidiary of Sohu.com Inc.
Key Executives for Sogou Inc.
Chief Executive Officer and Director
Compensation as of Fiscal Year 2014.
Sogou Inc. Key Developments
Sogou Reports Earnings Results for the Fourth Quarter and Full Year of 2015
Feb 10 15
Sogou reported earnings results for the fourth quarter and full year of 2015. The company recorded operating income of USD 119 million in the fourth quarter of 2014, growing 70% year on year, and profits of USD 18 million.
Annual operating income reached USD 386 million in 2014, growing 79% year on year; profits reached USD 33 million.
Qihoo 360 Files Lawsuit Against Sogou
Sep 26 13
Qihoo 360 Technology Co. Ltd. filed a lawsuit against Sogou for illicit competition in a local court in Beijing, demanding for compensation reaching CNY 50 million. Qihoo 360 stated that Sogou has bundled its browser for download of users in excuse of updating input method and lexicons, days after receiving investment of USD 448 million from Tencent Holdings Limited. As a security software developer, Qihoo 360 has reminded users of the bundled installation of Sogou and helped them recover their browsers, showing great respect to the choices of users.
Sogou Announces Board of Directors Appointments
Sep 16 13
Sohu.com Inc., Sogou Inc. and Tencent Holdings Limited jointly announced the establishment of a strategic cooperation that will reinforce and strengthen Sogou as a leader in the large and fast-growing China market for search and internet services, particularly for the mobile platform. To implement this strategic cooperation, Tencent has invested a net amount of $448 million in cash in Sogou and merged its Soso search related businesses and certain other assets with Sogou. Immediately after the transaction, Tencent holds 36.5% of Sogou's equity capital on a fully-diluted basis, which could further increase to approximately 40% in the near future. Sohu, together with its affiliates, remains the controlling shareholder of Sogou, which will continue to operate independently as a subsidiary of Sohu. Dr. Charles Zhang, Sohu's Chairman and CEO, will remain as Chairman of Sogou. Mr. Martin Lau, President of Tencent, and Mr. Mark Ren, Chief Operating Officer of Tencent, have joined Sogou's Board of Directors. Mr. Wang Xiaochuan will continue to lead Sogou as a director and CEO.
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