(Live web cast of conference calls on October 31 at 4:00 AM (EST) and 11:00 AM (EST) will be broadcast on http://www.sohu.com/about/English/live-webcast.htm)

BEIJING, CHINA, October 31, 2000 - Chinese Internet portal SOHU.com (NASDAQ: SOHU) today announced earnings results for the third quarter ended September 30, 2000. Revenue during the quarter was up threefold over the corresponding quarter of last year. Net loss improved over the previous quarter by 4 cents per share and, for the third consecutive quarter, page view growth exceeded 70%.

SOHU.com reported net revenues of $1.6 million for the third quarter ended September 30, 2000, an increase of 300% over net revenues of $0.4 million for the third quarter ended September 30, 1999, and a sequential increase of 21 % over net revenues of $1.3 million for the second quarter ended June 30, 2000.

Online advertising comprised 93% of net revenues, while e-commerce revenue, at 3% of total revenues, commenced ahead of schedule. In addition, for the first time SOHU.com reported revenues on wireless services for short messaging during the Olympics. The remainder of third quarter revenues consisted of web site design and registration fees.

SOHU.com recorded a net loss for the quarter of US$4.3 million compared to the corresponding period in 1999 of $1.2 million and $6.5 million for the quarter ended June 30, 2000, respectively. The net loss included a $0.5 million write-down in the value of a $1 million investment in an Internet company. Excluding non-cash charges for stock-based compensation, investment write-down, and accretion on redeemable stock prior to conversion of all the company's outstanding preferred stock into common stock upon the completion of the company's initial public offering in July, the net loss totaled $3.5 million in the quarter compared to $1.0 million and $4.2 million for the corresponding period in 1999 and for the quarter ended June 30, 2000, respectively.

SOHU.com averaged 28 million page views for the month of September, a 75% increase from 16 million averaged in June, repeating the sequential growth figure of the previous two quarters. Registered users totaled 5.0 million as of September 30, up 53% from the 3.27 million users registered as of June 30, 2000.

SOHU.com's recent acquisition of Chinaren.com, the leading youth community site, has boosted portal activity further. The combined company is reaping the benefits of complementary user bases and cross links between the web sites. Total daily page views have reached 64 million as of this release, compared to 44 million page views at the time. the acquisition was announced, an increase of 45 % in six weeks. The total number of registered users, all Mainland China based, now stands at 9.2 million.

"We are very excited about the ChinaRen.com deal. Both SOHU.com and ChinaRen.com users have shown unparalleled acceptance. The integration of management and work force is progressing well. We are swapping feature products, making technical improvements and saving costs by sharing resources. We will now focus on increasing revenues in a challenging Mainland China online advertising market", said Dr. Charles Zhang, president and CEO of SOHU.com.

In the past quarter SOHU.com has launched several revenue-driving new products. New sponsored channels were launched for interactive games, real estate and health information, bringing the total number of special interest channels to sixteen. SOHU.com expanded its Localized Portal Editions to eleven major cities. The re-launched E-tailing channel now offers online consumers a virtual mall with over 300,000 products and multiple payment solutions.

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/