|The Company operates two multiplayer online games - Blade
Online and Tian Long Ba Bu. Blade Online was co-developed with a Beijing-based
game studio and launched in 2004. Tian Long Ba Bu was a self-developed game
and launched in 2007.
In addition to MMORPG games, the company also seeks opportunities in
casual games. We believe the market for online games is in an early stage,
therefore giving Sohu a viable opportunity to succeed. We are committed
to online games for the long term and we are encouraged by this incremental