Sohu seeks to overtake Google in China
2011-07-13Sogou, the search engine unit of Chinese Internet company Sohu.com Inc, is aiming to overtake Google Inc by market share in China within a year in the wake of the US company's decision to pull out of the world's biggest web market. Sogou is also looking to increase its staff headcount by more than 30 per cent to 800 by the end of the year, helped by growing revenue and an upcoming venture with Alibaba Group to create a web browser for e-commerce.
Sogou's revenue would likely exceed $20 million in the fourth quarter and the company would report a profit next year. Our search volumes doubled in the past year, which led to very fast growth in our revenue, and I don't see what's so difficult about reporting a profit next year. Our real aim is to overtake Google in China within a year, "Chief Executive Wang Xiaochuan claimed.
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