According to foreign media reports, according to foreign media reports, Sohu recently submitted an 8-K file to the US Securities and Exchange Commission that Alibaba will invest $ 15 million to acquire 10% of Sogou ’s shares.

Sohu ’s 8-K file shows that Sogou, a subsidiary of Sohu, registered in the Cayman Islands, Sogon, the British Virgin Islands subsidiary of Sogou, Sogou Hong Kong subsidiary Sogou Hong Kong Co., Ltd. and Sogou People ’s Republic of China Beijing Sogou Technology Development Co., Ltd., Beijing Sogou Information Service Co., Ltd. and Alibaba Investment Co., Ltd. (hereinafter referred to as "Alibaba"), China Internet Search (Hong Kong) Co., Ltd. (hereinafter referred to as "Yunfeng Fund"), an investment institution of Yunfeng Fund, and All investment funds (hereinafter referred to as "Zhang Chaoyang Fund") of Zhang Chaoyang, chairman and CEO of Sohu, signed the first round of preferred stock purchase agreement.

According to the share purchase agreement, Alibaba, Yunfeng Fund and Zhang Chaoyang Fund will invest US $ 15 million, US $ 9 million and US $ 24 million respectively, and will account for 10%, 6% and 16% of Sogou shares, respectively, on the basis of full dilution. The above equity ratio takes into account the shares reserved for Sogou ’s equity plan and the Sogou options, restricted shares or stocks that will be granted to Sohu ’s management.

On the basis of full dilution, Sohu will retain 53% of Sogou ’s shares and continue to hold a majority of Sogou ’s shares. Sohu signed the share purchase agreement at the same time, and only acted as a signatory to the necessary declarations, guarantees, agreements and compensation clauses in the share purchase agreement. The final transaction of the stock purchase agreement depends on the satisfaction of various transaction conditions.

Sohu's 8-K file also shows that on September 30, 2010, Sohu purchased a US $ 75 million convertible bond from a Chinese company (hereinafter referred to as the "debit"), with a first maturity of 12 months.

After the bond expires, Sohu can decide whether to postpone it, which can be postponed for 6 months at a time, with an annual interest rate of 3.8%, and paid in cash every quarter. If Sohu continues to postpone until March 31, 2014, then that day can choose to convert the outstanding principal into a fixed proportion of the shares of the two subsidiaries of the borrower.

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