Sohu.com income declines by nearly half
By Chen Limin | China Daily | Updated: 2012-11-06 08:00
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Sohu.com Inc's booth and mascot at an exhibition in Beijing in March. According to analysts, Chinese Internet portals have seen a slowdown in advertising revenue as advertisers tighten their budgets amid the sluggish global economy. Provided to China Daily |
Sohu.com Inc, a major Web portal in China, reported a 47 percent drop in its net income as a result of its slowing brand-advertising business, larger workforce and higher salaries.
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