The latest update about the Sogou rumor is Wang Xiaochuan, CEO of Sogou, admitted on May 11th that they were in talks with Qihoo on potential investment but no written agreement was reached. But a  Chinese journalist heard that Qihoo offered US$400 million cash and US$1 billion worth of stock to buy Sogou (in Chinese).

It has been three years since Sogou was spun off from Sohu in 2010. It’s the third largest search engine in China in terms of market share and revenue.

The Q1 2013 the company’s revenue adds up to $39m, up by 73% yoy, and beat forecast. Behind this number, search business brought the company $27m, the navigation site $9m and gaming $3m.

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com