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Sohu.com (SOHU) is buying back a 10.88% stake in its Sogou search engine from Chinese e-commerce...
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Thursday, July 5, 2012, 6:04 PM ETSohu.com (SOHU) is buying back a 10.88% stake in its Sogou search engine from Chinese e-commerce giant Alibaba (ALBCF.PK) for $25.8M. Sogou saw its Q1 revenue jump 184% Y/Y, and has been gaining share in the Chinese search market. It might not be a coincidence the Sohu-Alibaba partnership is ending shortly after an e-commerce partnership between Baidu (BIDU) and Japan's Rakuten unraveled.
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