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129859145693906250_421IPO business development by Baidu sogou shocks 360 Highway Sogou repurchase shares from Alibaba, its purpose was clearly prepared for separate listing. Two years ago, sogou Sohu split officially became an independent company, and introduced strategic investors such as Alibaba, Yun Feng fund joint investment. However, less than two years of marriage, was recently painted a full stop. The day before yesterday evening, Sohu Announces $ 25.8 million repurchase after AlibabaShares held all of the dog. Why did you choose this time repurchase, Sohu, sogou, Alibaba respects all muffled, declined to comment. But industry are relatively uniform, sogou repurchase shares in order to separate listing. Previously, market rumours, the dog will be listing next year, when listed by the Board of Trustees valuation target of us $ 2 billion. However, search dogs to big, Must be on the 360, Baidu on these "stumbling block". Ali cashed $ 25.8 million on August 9, 2010, sogou Sohu split up, and introduced Alibaba, and Zhang Yun Feng Fund individual investment funds, Photon Group of strategic investors, among them, 10.88% injection of $ 15 million per cent share of Alibaba. However, this marriage was clearlyA hasty marriage. Because these agreements reached 1.5 months ago, Charles Zhang and Ma getting in contact. When splitting, sogou situation of great distress, search market share is less than 1%, the browser market share is less than 1%, this market share is almost negligible. Qihoo 360 Zhou hongyi, Chairman plans sogou acquisitions over and almost ZhangThe acquisition agreement. Zhou hongyi calculation is, through the acquisition of sogou, achieve the combination of browser and search, which have the capacity to rival Baidu. However, single-handedly founded sogou sogou CEO Wang xiaochuan did not wish to see the flowers of his house. In order to maintain the integrity and control over the dog, invest Hangzhou, Wang xiaochuan to Ma sogou. Because Alibaba and Baidu, MA are also ready to develop its own search business, so that "Baidu sleep sleep", so, MA to intervene to persuade Zhang to abandon plans for a sold the dog to Zhou hongyi, so with this marriage. Public information display, after marriage, Alibaba, Yun Feng Fund, Charles Zhang's private funds, sogou, respectively about 10.88%, and 16% Stake, the remainder being of Sohu. To strategic investors rather than entering the dog found the Alibaba financial investment, but did not play the role of strategic investors. Industry insiders pointed out that Alibaba has its own search plan (June 2011, the company launched a Amoy network), additional resources will not be delivered to the dog, this is Alibaba sogou lukewarmThe key. Wang xiaochuan recently said in an internal message to employees: "with the strategic upgrade of sogou, difficult at the strategic level of the group, Ali gw2 power leveling, we expect to continue to strengthen support for the dog. "The two sides parted, are inevitable. However, the buy-back price of US $ 25.8 million, meant that current valuations only against sogou as $ 237 million, according to market rumours searchDog on dog listing of the Board's objective valuation is $ 2 billion. Therefore, the industry generally believe that, Ali $ 25.8 million in the sale of the shares, belonging to the sale, doesn't think much of sogou, Ali, is likely to be in the future. When Alibaba staff interviewed by Nan responded by saying: "this is just a business, the price is right on the line. Is not optimistic about the dogIn the future. "Mobile Internet industry association Deputy President and Secretary General Li Yi said when accepting an interview with the South," Ali told Sohu is the combination a hasty, a strategic need. Later, Ali himself had many commitments unfulfilled, and there have been scouring a competition, so breaking up is reasonable. Sogou wings were hard to solo, AliTo a substantial break fee, you can provide a cash support for its privatization, so this break up break up peaceful, is beneficial to both sides. "Sogou prepared for a separate listing for sogou repurchase shares from Alibaba, its purpose was clearly prepared for separate listing. Since Sohu split in isolation, since the dog business on the high speed development track. Sohu PHIMonroe reported a first quarter of 2012, sogou achieving revenues of $ 23 million in the first quarter of this year, representing a growth of 184% since August 2010 after the split, sogou has in the past 7 in the quarter to keep the compound annual growth rate of 23.1%, 330% in revenue is split, flow has doubled. According to Wang xiaochuan revealed that dog in the second quarter revenuesWill reach 28 million-$ 29 million, total revenues of up to 50 million-US $ 55 million in the first half, 2012 annual revenue is expected to nearly US $ 100 million to 150 million. Wang xiaochuan wrote to sogou employees in a letter that "20 months, sogou search market share more than twice times, and in October 2011 for the first time more Google becomes the secondDazhongwen search engine; sogou incomes enhance nearly 8 times times, and in the third quarter of 2011, four-quarter profit for the first time; the dog found the number of employees more than 3 times to enhance, in 2012 a quarter scale over thousand years, have the strength to begin (are) on a larger scale strategic layout. "It is clear that today's sogou, and split when the dog has found a far cry from just two years ago. Shark's fin soupWing hard dog found a separate listing, also it is ripe. However, Wang xiaochuan recently have repeatedly expressed on many occasions, sogou before adjustment of industrial layout does not have good, before the user failed to do enough big, listed in no hurry. Itself has been profitable, and our proximity to the Sohu this mountain, makes it solid enough for Wang xiaochuan waits indefinitely. Senior IT industry watch peopleYang Xiaoming South reporter in an interview, also said that 2010 sogou Sohu sub-sectors, is directed at independent listing. "Now 360 market storm, sogou as companies have certain similarities, listing loud. Sogou this time if not intensify its IPO, after market hot spots in the past, lack of opportunities. "Yang Xiaoming also stressed," IBelieve that Ali quit, and sogou accelerated rush IPO, behind this change, there is a power-driven, it was hope sogou IPO as soon as possible. Ali relinquish its position guild wars 2 power leveling, shareholders in favour of sogou introducing more appropriate. "AI vector consulting CEO Chang believes that Sohu this repurchase, significant gains before may be listed on the dog caught in their own hands. This analysis andNon-not imaginary. Sohu operates in 2009 tour listing, also before the IPO stake in recovered swim at high prices in the primary market, after the listing of tour, recycling of these stakes bring considerable benefits to the Sohu. Qihoo Highway currently sogou Baidu business is mainly concentrated in three pieces, that is, input methods, browser, search. The three pieces of business will be delineated by sogou company "The three-stage rocket ". However, sogou three in the business, only input methods is the market leader in market share amounted to 83.6%. by your browser, search for a business, ranked in their respective markets to Disan��siming. Embarrassing is that despite the IME business occupy a monopoly position in the market, but the business can't give dog companies generate revenue. Sogou is currently the source of income and rely on searchAnd browser navigation. Reported, sogou revenues of US $ 23 million in the first quarter of this year, search contributed US $ 18 million, the navigation has contributed US $ 5 million. However, in the areas of search, browser, business, sogou Baidu had to face, 360 two big stumbling block. Wang xiaochuan has said that hope sogou search share in China of more than 15%,According to iResearch reports in the first quarter of this year, sogou search share around 3%, a distance of 15% there is still a long way to go; in the browser market, although IE's market share is declining gradually, but the 360 's market share has reached 27%, while sogou browser market share is only about 10%. Sogou browser to expand the marketThe amount, they inevitably face 360 this ceiling, which there will be a battle. Wang xiaochuan recently said that many new products will be introduced next, total products this year will increase to more than 10, which include "browser search for" new product "search engine". "In the area of search engines, browsers, search dogs and must be on Baidu, qihoo 360 carry,Cannot be left behind. Upcoming search engine is a peculiarly difficult thing, but search dogs need to do, or can't break. In the wireless field to invest, there is no future. "Southern Reporter Gao Lingyun intern Lin Chaodong
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