Sohu, a Chinese internet pioneer, tumbles out of the billion-dollar stock market club – South China Morning Post

What happened: The market value of Sohu, one of China’s leading internet portals, has declined to below $1 billion, showing a further decline from the company’s peak in 2011. Shares of Sohu were closed at $ 25.2, an 11-year low, on the New York Stock Exchange. The share price has declined more than 70% since its record $105.74 in April 2011.

Why it’s important: Sohu was the first company in mainland China to be connected to a trunk line to the Internet in 1996. It then launched its own search engine, online games portal, video and news site. Despite being a pioneer in China’s Internet scene, Sohu gradually fell behind as products developed by companies such as Alibaba, Bytedance, and Tencent gradually ate up Sohu’s market share.

Jiefei Liu is a Beijing based tech reporter. She focuses on the union of tech and content creation and loves agriculture. You can write to her at

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.