The internet enlightens and empowers Chinese society

  • Authors:
  • Maris G. Martinsons

  • Affiliations:
  • -

  • Venue:
  • Communications of the ACM - Transforming China
  • Year:
  • 2005

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Abstract

Charles Zhang is founder, chairman, and chief executive of Sohu.com, a company incorporated in the U.S. state of Delaware with headquarters in Beijing. In 2004, Sohu took in more than $100 million (U.S.) in revenue by providing online information and services. Zhang established the company in 1996 as Internet Technologies China and two years later launched the first Chinese-language search engine Sohu, or "search fox." Sohu.com was listed on the NASDAQ stock exchange in July 2000; its market capitalization topped $1.4 billion in 2003 before declining in 2004.Zhang pioneered the Silicon Valley model of entrepreneurship in mainland China and is often referred to as China's Bill Gates. In 1998, Time Digital named him one of the world's Top 50 Digital Elite, and the World Economic Forum identified him as a Global Leader of Tomorrow. In 2003, he was featured in Time magazine as one of its 15 Global Tech Gurus, and in BusinessWeek as one of 25 global e-business CEOs. In 2004, he was selected the Distinguished Executive of the Year by the (U.S.) Academy of Management. He spoke with me during and after the 64th Annual Meetings of the (U.S.) Academy of Management in New Orleans, August 2004.