Chinese Search Engine Plans U.S. IPO In 2015

Sohu.com Inc.'s web search engine business Sogou Inc. is preparing a $3 billion initial public offering in the United States. According to unidentified sources, the company could sell shares by the second half of 2015. Sogou reported revenue rose 70 percent to $119 million in the fourth quarter of 2014, compared with the same period in the previous year. It accounted for 6.9 percent of web search queries in China during the same period, compared with rival Baidu's 74.4 percent.