BEAMSTART Logo

Sogou, China's second largest search engine, has merged with Tencent; no longer publicly listed

Tencent acquired Sogou for $3.5 billion


Sogou, China's second largest search engine, has merged with Tencent; no longer publicly listed | BEAMSTART News

- From our Sponsors -

Sogou, China's second largest internet search engine, has completed its merger with technology giant, Tencent.

Tencent announced its intention to buy the search engine firm back in 2020, which was approved by Chinese authorities earlier this year.

- Featured Sponsor -

Key Highlights

  • On July 13th, Chinese authorities approved Tencent's acquisition of Sogou for $3.5 billion
  • Upon the merger, Sogou will become a subsidiary of Tencent, and will no longer be a publicly traded company.
  • Most of Sogou's business units (and products) will be absorbed into Tencent, with the exception of its most popular (search engine) offerings, which will continue to operate under the "Sogou" brand.
  • Prior to the merger, Sogou was a publicly listed company on NYSE.

Why It Matters

  • Tencent has been Sogou’s second-largest shareholder since 2013.
  • Sogou's merger with Tencent was initially supposed to complete in Q4 2020, but was delayed due to regulatory screenings.
  • Sogou has predominantly been used as a search engine on top of WeChat's app, where it receives a large portion of its traffic.
  • With the acquisition of Sogou, Tencent will be able to further expand on its search engine ambitions to compete with Baidu, Bing, and Google.

- From our Sponsors -

Latest Jobs

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive

Yojee

Singapore

Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer

Livit

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator

SIRCLO

Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer

Koltiva

Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

Engineering Manager

Pegipegi

Indonesia Bulk Terminal, Indonesia

Full Time

SGD 1500 — SGD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).