Creating new markets, educating consumers and diversifying company's revenue
stream
Beijing, CHINA, February 28, 2001 - Leading Internet portal
SOHU.com (NASDAQ: SOHU) will engage its interactive web services to promote
China's 2001 International Clothing and Accessories Fair (CICAF -
http://www.chicshow.com) between March 5-12, 2001. According to an agreement
with the government's fashion industry development organization, Chic, SOHU.com
will provide an e-platform for online exhibitions and product promotions. CICAF
is ranked amongst the top ten largest clothing trade shows in the world, and
event organizers are employing SOHU.com to broadcast live fashion shows modeling
events, and entertainment during the fair.
As part of a revenue sharing deal SOHU.com and Chic are jointly promoting an
online registration program that allows domestic and international fashion
houses to market their products through the Interactive Business Center's
web-exhibitions platform. Clothing companies can invest in a multiple range of
exhibition packages offering different levels of promotional value.
"SOHU.com continues to pioneer dynamic Internet solutions for businesses in
China," said Charles Zhang, CEO and president of SOHU.com. "By creating a New
Technology mind-share among China's new generation of entrepreneurs, SOHU.com is
creating an e-business elite who are becoming more adept to exploiting the
profitable potential of the Internet."
For the month of February, SOHU.com has been promoting its Interactive
Business Center in China's most important financial centers Shanghai and
Guangzhou. A series of live online Roadshow forums (http://luyan.sohu.com) has
introduce the power of Internet broadcasting to journalists, analysts and
corporate executives, while demonstrating how domestic and international
companies can turn their digital dollars into profits.
Recent changes to China's Securities laws require all publicly listed
companies to provide online broadcasting to investors. With over 1,100
domestically listed enterprises in China, SOHU.com's first-mover strategy is
quickly taking advantage of this new opportunity to increase the company's
market presence in corporate services and educate consumers.
"SOHU.com's outreach program is helping corporate decision makers to become
more aware, more familiar, and more comfortable with e-business communication
tools. We are connecting China's business minds to the concept of connectivity,"
said Sam Qian, VP of E-business at SOHU.com. "This series of online Roadshow
forums is part of an ongoing campaign to create new domestic markets from which
potential repeat revenues can be generated."
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/ |