SOHU Incorporates Only Search Engine Developed
Specifically to Resolve China's Information Retrieval Challenges Creating a More
Dynamic Browser Focused Internet Experience
BEIJING, CHINA, September 19, 2000 - SOHU.com (Nasdaq:
SOHU), one of China's most popular Internet portals, today announced a strategic
partnership with Baidu, developer of the most powerful Chinese search engine
technology, to provide the premier knowledge resource on the Internet in
Mainland China. With the power of Baidu, SOHU.com is unlocking the vast Internet
to provide immediate access to the richest, most relevant information across
multiple dimensions, including news, sports, business, real estate, IT,
education, career, fashion, entertainment, music and games. With the acquisition
of ChinaRen.com earlier this month, SOHU.com is now the largest Internet portal
in China with over 7.8 million active registered users and over 44 million page
views daily.
"Baidu's search technology addresses many Chinese-specific search-related
needs that have never been addressed before by any other company," said Robin
Li, president of Baidu. "We are pleased to be working with such a prestigious
organization as SOHU.com to provide new, industry-leading search engine features
to better meet the needs of the constantly growing population of Chinese web
users."
The online population in China jumped from 1.5 million to 8.9 million during
1999 alone, and at that rate of growth, China could have the world's largest
Internet population in just five years. In fact, Goldman Sachs predicts Net
usage in China will grow to 81 million by 2003. As China prepares to join the
World Trade Organization, hundreds of thousands of state enterprises are going
online, further fuelling the need for fast, efficient web search results.
Baidu's search engine is over five times as powerful as any engine in use in
China, yet it is designed specifically to meet the unique challenges of what
will be one of the largest Internet communities in the world. SOHU.com will take
advantage of Baidu's proprietary architecture to offer one of the fastest search
services to web users in China with the most current information available.
Frequent data refresh ensures that SOHU.com users will enjoy the most up-to-date
Chinese web page indices in the world. With access to as many as 15 million web
pages simultaneously, SOHU.com web browsers will also be able to enjoy the most
relevant search function technology combined with the fastest response time in
the country.
"SOHU.com has gained its popularity due to it being the only Internet portal
that focuses on the specific needs in Mainland China," said Xin Ye, chief
technology officer of SOHU.com. "As a result, we can integrate the right
technology that is designed to meet the unique challenges here, and partnering
with Baidu, the only search engine built for this purpose, further strengthens
our leadership position as the number one brand in the country."
In addition to its branded information and entertainment channels, SOHU.com
also offers the most comprehensive directory, email, message board, the first
Java-based chat room, and virtual communities. SOHU.com's founder is Charles
Zhang, who returned to China in 1995 after obtaining his Ph.D. from the
Massachusetts Institute of Technology (MIT) and has pioneered the Internet
revolution in China. Charles Zhang initially acquired financial backing to
establish his company from Professor Edward Roberts (MIT) and Nicholas
Negroponte, co-founder of the MIT Media Lab and author of the international best
seller 'Being Digital'. Currently, SOHU.com's investors include Intel, Dow
Jones, IDG, Morningside, PCCW, Legend and Hikari.
About Baidu Baidu is a leading Internet technology
company in China, one of the world's fastest growing Internet markets. Baidu
develops and markets scaleable web application software and services using a
private label, "non-compete" business model. Baidu's flagship product, the Baidu
Chinese search engine, is the fastest, largest, most relevant search engine with
the freshest crawls in China. The Baidu powered search engine was rated number
one in the August issue of PC Computing in China. Robin Li, Baidu's president
and co-founder, pioneered the use of link analysis technology to do relevance
ranking in 1996 and was subsequently awarded the U.S. patent on this technology.
Baidu has offices in both Silicon Valley and Beijing, China. For more
information, please visit www.baidu.com.
About SOHU.com SOHU.com is the leading Internet portal in
Mainland China with current daily page views exceeding 12 million. It provides
navigation/search, news, sports, business and finance, real estate channel,
entertainment, chat, email and e-commerce activities for a solid and wide base
of visitors. Dr. Charles Zhang founded SOHU.com in 1997. Its investors include
Intel, Dow Jones, IDG, the Morningside China Group, PCCW, Legend and Hikari. Its
content partners include CNET, DOW Jones and dozens of local media organizations
in China.
For further information: Dahlia Wei SOHU Investor
Relations and Communications Tel: +86 10 6272 6598 E-mail:
ir@sohu-inc.com
http://www.sohu.com/about/English/ |