www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Sogou plans to raise $5b in US offering

China Daily | Updated: 2017-01-05 08:08

Sogou plans to raise $5b in US offering

Sogou, whose name means "search dog," plans to sell about 10 percent of its shares in an IPO that will probably be held this year. [Photo/VCG]

The head of China's third-biggest search engine Sogou said he expects his company to launch a US initial public offering with a valuation of as much as $5 billion-as it raises cash to close the gap with leader Baidu Inc in the mobile market.

Sogou, whose name means "search dog," plans to sell about 10 percent of its shares in an IPO that will probably be held this year, Chief Executive Officer Wang Xiaochuan said in an interview. The company, which is backed by social media giant Tencent Holdings Ltd and Sohu.com Inc, hasn't formally hired banks to run the listing. Sohu shares rose the most in 10 months on Wednesday.

While Baidu remains the biggest provider across all platforms in China, it's under siege after a scandal over medical advertising, as smaller rivals including Sogou and Qihoo 360 Technology Co win mobile users. Wang said he planned to use part of the IPO proceeds to improve search results by backing companies developing artificial intelligence and machine-learning technologies.

Sogou plans to raise $5b in US offering

Wang Xiaochuan, CEO of Sogou.

"Over the past year, we've seen a trend where people are finding themselves not trusting Baidu as much and some are even seeking a replacement," he said at the company's Beijing headquarters.

"So over the next year or two, as more people feel more comfortable with Sogou, they'll realize it is able to replace Baidu."

Shares of Sohu rose 4.9 percent to $35.54 in New York, the biggest gain since March 4. The stock has declined 34 percent in the past year.

Baidu accounted for 44.5 percent of mobile search queries in the third quarter, while Alibaba Group Holding Ltd-backed Shenma had 20.8 percent and Sogou was third with 16.2 percent, according to research from iiMedia.

Other independent researchers, including Analysys International, reported that Sogou was China's second-largest provider to the country's mobile users while some surveys have the company as the nation's second-largest overall.

Wang said Sogou could match Baidu in mobile search within three years. Baidu declined to comment.

Bloomberg

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 九九九九在线视频播放 | 精品久久久影院 | 日韩精品毛片 | 久久视频一区 | 日韩三级一区二区 | 国产日韩一区二区三区在线播放 | 91精品成人免费国产 | 看一级特黄a大片日本片 | 国产高清在线精品一区二区 | 韩国黄色一级毛片 | 国产在线日韩 | 欧美一级毛片一免费 | 欧美视频精品一区二区三区 | 日韩中文精品亚洲第三区 | 欧美一级级a在线观看 | 国产精品国色综合久久 | 久久ri精品高清一区二区三区 | 色综合久久久久久 | 日本专区 | 男女扒开双腿猛进入免费网站 | 日本道综合一本久久久88 | 成人免费大片黄在线观看com | 人人草97| 国产91专区| 热er99久久6国产精品免费 | 色播亚洲视频在线观看 | 国产成人精品日本亚洲语音2 | 97在线视频观看 | 亚洲女精品一区二区三区 | 美女被免费视频的网站 | 免费精品久久久视频 | 美国一级视频 | 中文字幕在线观看网址 | 日韩成人免费在线 | 青青自拍 | 亚洲无吗视频 | 日韩欧美一级a毛片欧美一级 | 黄网站色视频免费观看w | 玖草在线资源 | 亚洲欧美日韩精品香蕉 | 永久精品免费影院在线观看网站 |