Sohu holds $1.2 billion cash to fund major social platform push
Briefing by News4U · First published
ITHome reported that on 31 October, Sohu founder and CEO Charles Zhang said the company holds $1.2 billion in cash and will use part of it to build a major social platform based on user follows rather than algorithms. [1]
Sources
- 张朝阳：搜狐账上有 12 亿美元现金，有一场重大的社交平台的仗要打
ITHome · · Full text