PORTALS GREET SEASON OF PROFITS
AsiaInfo Services, August, 2002
AsiaInfo Services 08-01-2002 sohu.com inc.[(sohu)] Portals Greet Season of Profits CHINA, Aug 01, 2002 (AsiaPort via COMTEX) -- With the subsiding of the wave ofdotcom fold-ups, China's battered Internet portals are poised foran era of profitability to follow their long period of losses,analysts and industry observers said. "The chilly winter for China's Internet industry is over and thespring is coming," said Charles Zhang, chief executive officer ofleading Chinese language Internet portal Sohu.com last Wednesdaywhen releasing Sohu's financial results for the second quarter,which ended June 30. The NASDAQ-listed company achieved a pre-tax profit of US$77,000during that period, becoming the first among the three largestChinese Internet portals - Sohu, Sina and...
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