Charles Zhang, the founder, chairman and CEO of Chinese internet company Sohu.com Limited, on Monday denied rumors of the company's required delisting from U.S. stock exchanges.
Sohu.com filed a 6-K form to the US SEC on Wednesday, after it was added to a group of firms listed under the Holding Foreign Companies Accountable Act. The firm says it does not intend to contest the SEC's provisional accreditation.
The Zhejiang Consumers Council scheduled a regulatory talk with iQiyi, Youku, Tencent Video, Sohu and PPTV regarding the issue that consumers still have to watch advertisements after purchasing memberships to their platforms.
Sogou CEO Wang Xiaochuan released an internal email today, saying that "from today, Sogou will be integrated into Tencent, and I will officially step down as Sogou CEO."
Shares of China’s second biggest search giant Sogou have jumped 43.5% after the company announced shareholder Tencent has offered a non-binding proposal.
Sohu CEO Charles Zhang announced on June 9 the launch of Sohu's new social media app named “Huyou” (lit. Fox Friends). The app has been independently developed for over a year before its official launch on Sunday.
