Zhang's first public admission that the business was defeated in the competition

Hoping to bounce back in the social arena.

Sohu earnings show, two quarterly gross income of 256 million U.S. dollars, the year-on-year growth of 29%, the chain growth of 13%; however, the non-US general accounting standards for Sohu net profit is 16 million U.S. dollars, down 65%, the chain down 31%.

Zhang said that in the portal business, Sohu is still one of China's leading portal sites, in the Mobile field, Sohu also occupies a place, netizens from mobile version of Sohu to obtain content. But, "over the past two years, we've really lost the Battle of Microblogs." Since the second half of 2010, Zhang had once said Sohu Weibo will catch up with Sina Weibo within a year. He personally shirtless for Weibo, but with little success.

Zhang said he hopes to make a comeback in the Media 2.0 social networking services with the growth of users, desktop apps and client software in search, video and other fields, "but it all depends on whether Sohu can innovate continuously." ”

In fact, on July 25, Charles Zhang in the micro-Bozhong frankly, micro-bo and micro-letter fan his two ears, "as the 1999 when the rise of QQ was beaten, we need to Sohu and Sogou for SNS Gene reengineering." ”

It reviewer gold wrong knife that Zhang Chaoyang "This kind of candid reflection of the attitude is worth affirming," he pointed out that although Sohu missed micro-blog and micro-letter opportunities, but the current game, video and Sogou business has a good momentum, but Sohu does need innovative business.

Sogou no shortage of money no longer financing

Second-quarter results showed that the quarter Sogou achieved revenue of 30 million U.S. dollars, a 123% increase from the same period in 2011, up 34% from the previous quarter. Sogou claims to own 370 million users, the fourth place in China Internet company.

Sogou CEO Wang Xiaoquan said the IPO still does not have a timetable, the current main task is to do a good product, circle more users.

Last month, Sohu group repurchase the owner of the Sogou shares in Alibaba, the outside speculated that Sogou may launch a new round of financing to attract new investors to enter. Wang Xiaoquan Response said, Sogou back to Sohu Group, not lack of money, do not need financing. Wang Xiaoquan said that the great significance of the Alibaba investment Sogou is to make Sogou from Sohu split out, become an independent operation of the whole, and this goal has been achieved.