Sohu COO resigns; company reportedly eying auto/real estate IPOs

Sohu (SOHU +0.1%) COO/co-president Belinda Wang is resigning "for personal reasons," effective March 31. She's expected to stay with the company in a consulting role through year's end. No successor has been named. (PR)

Sohu notes Wang helped develop new ad/business concepts, and also presided over the company's mobile product development. A source tells BrightWire other Sohu execs will now be responsible for the company's ad sales and website.

Separately, Marbridge Consulting reports Sohu is planning to spin off real estate site and auto news site via IPOs. Marbridge reported last week Sohu and Tencent have talked about merging their video ops.

Gaming unit Chanyou (CYOU +4.7%), spun off by Sohu in a 2009 IPO, is rallying today.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs