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Sohu.com will grow by itself, the chairman added. Although the cost for acquisitions is at low level now, the company will not still buy in companies blindly. Only those assets that can be integrated into the company and boost the company's development will attract it.
Now, Sohu.com has abundant cash flow. The company in 2009 will pump its cash into share repurchase, marketing, technology, and R&D of new games, stated the chairman.
In addition, SINA Corporation (Nasdaq: SINA), an archrival for Sohu.com in China, previously acquired part of Focus Media Holding Ltd. (Nasdaq: FMCN). That will cut down Sohu.com's revenue for the second quarter of 2009. But as SINA and Sohu.com focus on different areas, the competition between them will be not so stiff as before, Zhang said.
Source: www.163.com (January 06, 2009)
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