Association for Consumer Research

Total Page:16

File Type:pdf, Size:1020Kb

Association for Consumer Research ASSOCIATION FOR CONSUMER RESEARCH Labovitz School of Business & Economics, University of Minnesota Duluth, 11 E. Superior Street, Suite 210, Duluth, MN 55802 "Let's Go Online": a Contextual Review of the Consumption of Internet in Mainland China Eric Li, University of Utah, U.S.A. The Internet has accelerated China’s transformation into a modern society by helping its people become more enlightened and empowered. Online games, chatrooms, instant message communications, online stores and auctions, forums, blogs, and bulletin boards, are creating a new culture and a new horizon for communication and consumption. This study reviews the consumption of the Internet in mainland China from a socio-cultural perspective. It explores how Chinese “netizens” construct their new individual and collective identities in the cyberspace. The study also discusses the issues related to the re-negotiation of traditional Chinese culture, and the freedom and equality in the Internet in China. Impacts of the Internet are discussed in the last part of the paper. [to cite]: Eric Li (2006) ,""Let's Go Online": a Contextual Review of the Consumption of Internet in Mainland China", in AP - Asia- Pacific Advances in Consumer Research Volume 7, eds. Margaret Craig Lees, Teresa Davis, and Gary Gregory, Sydney, Australia : Association for Consumer Research, Pages: 317-324. [url]: http://www.acrwebsite.org/volumes/13053/volumes/ap07/AP-07 [copyright notice]: This work is copyrighted by The Association for Consumer Research. For permission to copy or use this work in whole or in part, please contact the Copyright Clearance Center at http://www.copyright.com/. ‘LET’S GO ONLINE’: A CONTEXTUAL REVIEW OF THE CONSUMPTION OF INTERNET IN MAINLAND CHINA Eric P.H. Li University of Utah ABSTRACT no longer a monolithic or placeless “cyberspace”; rather, it The Internet has accelerated China’s transformation is numerous new technologies, used by diverse people, in into a modern society by helping its people become more diverse real-world locations. Internet consumption in China enlightened and empowered. Online games, chatrooms, may be seen as a kind of socio-cultural reformation process. instant message communications, online stores and The adoption of Internet and the construction of cyber auctions, forums, blogs, and bulletin boards, are creating a culture are critical events in this rapid growing information new culture and a new horizon for communication and society. The aim of this paper is to study the changing consumption. This study reviews the consumption of the behavioral patterns involving consumption of the Internet in Internet in mainland China from a socio-cultural mainland China, with particular reference to socio- perspective. It explores how Chinese “netisens” construct economic change. The construction of new “net” identities, their new individual and collective identities in the places for “freedom” and “equality”, and the re-negotiation cyberspace. The study also discusses issues related to the of traditional Chinese beliefs and values on the Internet will negotiation of traditional Chinese culture, and the freedom be discussed. Three research propositions will be proposed and equality in the Internet. Impacts raised by the Internet as future research opportunities. The impacts of the Internet are discussed in the last part of the paper. will be discussed in the last part of this article. INTRODUCTION SOCIO-ECONOMIC CHANGE IN CHINA “I was excited about the prospect of introducing the The economic reforms initiated by the Chinese Internet to China because it would create an open platform government some 25 years ago created rapid economic, where six billion people on earth could suddenly share the social, and culture changes. The growing integration of the same central nervous system, allowing them to world market, and the influences of globalisation and communicate with each other” technological innovations all have had a great impact on – Dr. Charles Chao Yang Zhang, founder of changing Chinese life spheres – most visible among today’s SOHU.com Inc. (2004, 145) younger generation in the modern urban conglomerations (Giese 2004, 20). The launch of the “Open-door Policy” in The rapid socioeconomic changes of the 1977 increased the interaction and communication between previous two decades have created a new phenomenon in mainland China and the rest of the world. The introduction mainland China: a huge active community of Internet users. of the “One-child Policy” created a “4-2-1 syndrome”, During this process, the Chinese Communist Party (CCP) meaning four grandparents and two parents pampering one had to give way to new social and political actors, even if it child, (Su 1994; Jing 2000). The rapid growth of the still claims absolute political power. The rise of the market economy led to current conditions in which an urban economy, increasing exposure to the “Western” world, middle class Chinese family can afford more luxury goods advances in technology, and the rising influence of China in like fashions, high-end home furniture, cars, home the global market, have constructed a dual society in electronics, and various kinds of entertainments. With the contemporary China, simultaneously dominated by both the growth in use of information technologies in the world state and the market. market, increasing demands on computer and The Internet, which was introduced to mainland telecommunication products have been noticed in China. China during the early 1980s, has become a “necessity” for Most Chinese seem to want to take their places in the most urban Chinese in the past decade. One of the main “information society” in order to obtain more information, reasons that the Internet was not popular in China until knowledge and freedom in cyberspace. recently was the scarcity of Chinese language content on the Internet (Kennedy 2000; Rayburn and Conrad 2004). INTERNET USAGE IN CHINA The situation is changing now, it was projected that the The Chinese government has paid much attention to Chinese language would become the second most popular developing new consumer technology along with the language, after English, on the Internet by the year 2005 economy. During the last decade, information and (Rayburn and Conrad 2004, 471). According to a survey communication technology in China has been developing conducted by the China Internet Network Information enormously fast. The magazine Computer World states that Center (2005), there were 103 million13 Internet users in China will be the biggest information technology market in mainland China. Further, China is expected to have 57 the world by 2010 as it continues to grow in various sectors million broadband subscribers by the end of 2007 (Li, Kirkup, and Hodgson 2001, 417). The increasing (Electronic News 2005). The rapid emergence of the number of Internet and telecommunication users in Internet in China is an unexpected and unaccountable Mainland China has created a new “information” era. Paper process because the Internet presents a whole range of magazines and newspaper are being replaced by online challenges, ambiguities, and contradictions, not only to the versions, consumer photographs are more commonly existing political, technological, and economic presented in the digital format than hardcopies, email and infrastructure of the society, but also to our understanding instant messages have replaced handwritten letters and of the adoption and use of the media, old and new, in all documents. As in the West, new communication and societies (Zhu and He 2002, 489). information sharing methods have been introduced to the According to Miller and Slater (2000), the Internet, is Internet, like blogs, online dairies, bit-torrent downloads, online forums, e-tailing, and so on. As telecommunication has contributed to the creation 13 The 95% confidence intervals for the estimate were of peer-to-peer private spaces for communication, the 96.78 million to 109.22 million (CNNIC 2005). 317 Internet in China has created multiple symbolic spaces for acting as a process for building a collective identity public communication and discourse, thus bridging (Calhoun 1991; Melucci 1995; Nip 2004). Online games individuals and groups independent of space and time are one of the most popular Internet activities in China, (Giese 2004, 22). With the introduction of inexpensive particularly for the teenagers and young adults. These hardware, most Chinese people, and especially those living online games create a new “third place” (Oldenburg 2001) in the urban districts, can afford the limited cost of for the “netisens”, where they are able to step through the accessing to Internet, and becoming new members of the looking glass and live in the virtual world (Turkle 1995, 1). “information society”. Among users in major cities (such as Online games like SimLife, SimCity, and SimAnt provide a Beijing in the north and Guangzhou in the south), going platform for the “netisens” to build up their virtual online has become the second most popular leisure activity communities in the hyperreal world. A high degree of after watching television (Zhu and He 2002; Zhu and Wang specialization can be seen as the “netisens” are able to 2005, 50). The Internet is used primarily as an interpersonal construct their individual identities in the games. At the communication medium (email and peer-to-peer and group same time, a high degree of collectivism can also be interaction) and secondly as an information medium observed. The players, like the people
Recommended publications
  • Entrepreneurs from Technology-Based Universities: Evidence from MIT David Hsu University of Pennsylvania
    University of Pennsylvania ScholarlyCommons Management Papers Wharton Faculty Research 6-2007 Entrepreneurs From Technology-Based Universities: Evidence From MIT David Hsu University of Pennsylvania Follow this and additional works at: http://repository.upenn.edu/mgmt_papers Part of the Business Administration, Management, and Operations Commons, and the Entrepreneurial and Small Business Operations Commons Recommended Citation Hsu, D. (2007). Entrepreneurs From Technology-Based Universities: Evidence From MIT. Research Policy, 36 (5), 768-788. http://dx.doi.org/10.1016/j.respol.2007.03.001 This paper is posted at ScholarlyCommons. http://repository.upenn.edu/mgmt_papers/146 For more information, please contact [email protected]. Entrepreneurs From Technology-Based Universities: Evidence From MIT Abstract This paper analyzes major patterns and trends in entrepreneurship among technology-based university alumni since the 1930s by asking two related research questions: (1) Who enters entrepreneurship, and has this changed over time? (2) How does the rate of entrepreneurship vary with changes in the entrepreneurial business environment? We describe findings based on data from two linked datasets joining Massachusetts Institute of Technology (MIT) alumni and founder information. New company formation rates by MIT alumni have grown dramatically over seven decades, and the median age of first time entrepreneurs has gradually declined from about age 40 (1950s) to about age 30 (1990s). Women alumnae lag their male counterparts in the rate at which they become entrepreneurs, and alumni who are not U.S. citizens enter entrepreneurship at different (usually higher) rates relative to their American classmates. New venture foundings over time are correlated with measures of the changing external entrepreneurial and business environment, suggesting that future research in this domain may wish to more carefully examine such factors.
    [Show full text]
  • Entrepreneurs from Technology-Based Universities: Evidence from MIT David H
    Research Policy 36 (2007) 768–788 Entrepreneurs from technology-based universities: Evidence from MIT David H. Hsu a,∗, Edward B. Roberts b, Charles E. Eesley b a Wharton School, University of Pennsylvania, 2000 Steinberg Hall-Dietrich Hall, Philadelphia, PA 19104, United States b MIT Sloan School of Management, 50 Memorial Drive, Cambridge, MA 02142, United States Received 13 March 2006; received in revised form 4 December 2006; accepted 6 March 2007 Available online 19 April 2007 Abstract This paper analyzes major patterns and trends in entrepreneurship among technology-based university alumni since the 1930s by asking two related research questions: (1) Who enters entrepreneurship, and has this changed over time? (2) How does the rate of entrepreneurship vary with changes in the entrepreneurial business environment? We describe findings based on data from two linked datasets joining Massachusetts Institute of Technology (MIT) alumni and founder information. New company formation rates by MIT alumni have grown dramatically over seven decades, and the median age of first time entrepreneurs has gradually declined from about age 40 (1950s) to about age 30 (1990s). Women alumnae lag their male counterparts in the rate at which they become entrepreneurs, and alumni who are not U.S. citizens enter entrepreneurship at different (usually higher) rates relative to their American classmates. New venture foundings over time are correlated with measures of the changing external entrepreneurial and business environment, suggesting that future research in this domain may wish to more carefully examine such factors. © 2007 Elsevier B.V. All rights reserved. Keywords: Entrepreneurship; University alumni 1. Introduction records from the Massachusetts Institute of Technol- ogy (MIT), thereby introducing several facts about the This paper analyzes major patterns and trends entrepreneurial activity of MIT alumni.
    [Show full text]
  • Alibaba: Entrepreneurial Growth and Global Expansion in B2B/B2C Markets
    JIntEntrep DOI 10.1007/s10843-017-0207-2 Alibaba: Entrepreneurial growth and global expansion in B2B/B2C markets Syed Tariq Anwar 1 # Springer Science+Business Media, LLC 2017 Abstract The purpose of this case-based research is to analyze and discuss Alibaba Group (hereafter Alibaba) and its entrepreneurial growth and global expansion in B2B/ B2C markets. The paper uses company and industry-specific data and surveys to analyze a fast growing Chinese B2B/B2C firm and its internationalization and expan- sion in global markets. Findings of the work reveal that in a short time, Alibaba has become a major entrepreneurial icon and global player and continues to grow world- wide because of its well-planned business initiatives and B2B/B2C-based business models. The paper also provides implications in the area of international entrepreneur- ship and its related areas. International entrepreneurs need to learn from Alibaba’sfast growing business model and dynamic growth because of its competitive platforms and Web-based strategies which helped the company to target small and medium-sized enterprises (SMEs) in global markets. Within the areas of international entrepreneurship and international business, the paper also provides discussion which deals with the changing e-commerce industry and its future growth and developments. El objetivo de esta investigación basada en casos de negocios es analizar y discutir el Grupo Alibaba (de aquí en adelante Alibaba) y su crecimiento empresarial y la expansión global en mercados de B2B/B2C. El ensayo utiliza estadísticas y encuestas específicas a la compañía e industria para analizar una empresa china B2B/B2C y su internalización y expansión en los mercados globales.
    [Show full text]
  • Risky Expertise in Chinese Financialisation Haigui Returnee Migrants in the Shanghai Financial Market
    Risky Expertise in Chinese Financialisation Haigui Returnee Migrants in the Shanghai Financial Market. A thesis submitted in fulfillment of the requirements for the award for the degree Doctorate of Philosophy From Western Sydney University Giulia Dal Maso Institute for Culture and Society Western Sydney University 2016 Statement of Authentication The work presented in this thesis is, to the best of my knowledge and belief, original except as acknowledged in the text. I hereby declare that I have not submitted this material, either in full or in part, for a degree at this or any other institution. Sections of chapter 5 have been previsouly published in Dal Maso, Giulia. “The Financialisation Rush: Responding to Precarious Labor and Social Security by Investing in the Chinese Stock Market.” South Atlantic Quarterly 114, no. 1: 47-64. ............................................................................... (Signature) Acknowledgements I would like to thank my supervisors Professor Brett Neilson and Professor Ned Rossiter for their extraordinary intellectual support, encouragement and incredible patience. They have been invaluable interlocutors and the best supervisors I could hope for. My gratitude also goes to Professor Sandro Mezzadra for his intellectual generosity, guidance and for having encouraged me many times. It is thanks to him that my Chinese adventure started. Particular thanks go to Giorgio Casacchia. His support has been essential both for the time of my research fieldwork and for sustenance when writing. He has not
    [Show full text]
  • Entrepreneurs from Technology-Based Universities: an Empirical First Look
    PRELIMINARY Not for copying, distribution or quotation Entrepreneurs from Technology-Based Universities: An Empirical First Look by David H. Hsu*, Edward B. Roberts** and Charles E. Eesley*** Draft Date: September 2005 Abstract This paper provides an initial analysis of major patterns and trends in entrepreneurship among technology-based university alumni since the 1930s. We describe findings from two linked datasets joining MIT alumni with MIT founder information. The rate of forming new companies by MIT alumni has grown dramatically over seven decades. Women alumni have in more recent decades become entrepreneurs at a faster growth rate than men, but still constitute only 10% of new entrepreneurs. Alumni who are not U.S. citizens also are entering entrepreneurship at a faster pace than their American classmates, but still constitute only 15% of current entrants. The median age of first time entrepreneurs has gradually declined from about age 40 to about age 30. Our results also suggest that rather than examining stable individual traits, future research in this domain may wish to examine business and strategic environment factors. *Wharton School, University of Pennsylvania, 2000 Steinberg-Dietrich Hall, Philadelphia PA 19104. [email protected]; **MIT Sloan School of Management, 50 Memorial Drive, Cambridge MA 02142. [email protected]; *** MIT Sloan School of Management, 50 Memorial Drive, Cambridge MA 02142. [email protected] 1 PRELIMINARY 1. Introduction This paper provides an initial analysis of major patterns and trends in entrepreneurship among technology-based university alumni since the 1930s. The national innovative systems literature has stressed the role of universities in generating commercially important technical knowledge (Nelson, 1996).
    [Show full text]
  • Charles Zhang
    In a little over 35 years China’s economy has been transformed Week in China from an inefficient backwater to the second largest in the world. If you want to understand how that happened, you need to understand the people who helped reshape the Chinese business landscape. china’s tycoons China’s Tycoons is a book about highly successful Chinese profiles of entrepreneurs. In 150 easy-to- digest profiles, we tell their stories: where they came from, how they started, the big break that earned them their first millions, and why they came to dominate their industries and make billions. These are tales of entrepreneurship, risk-taking and hard work that differ greatly from anything you’ll top business have read before. 150 leaders fourth Edition Week in China “THIS IS STILL THE ASIAN CENTURY AND CHINA IS STILL THE KEY PLAYER.” Peter Wong – Deputy Chairman and Chief Executive, Asia-Pacific, HSBC Does your bank really understand China Growth? With over 150 years of on-the-ground experience, HSBC has the depth of knowledge and expertise to help your business realise the opportunity. Tap into China’s potential at www.hsbc.com/rmb Issued by HSBC Holdings plc. Cyan 611469_6006571 HSBC 280.00 x 170.00 mm Magenta Yellow HSBC RMB Press Ads 280.00 x 170.00 mm Black xpath_unresolved Tom Fryer 16/06/2016 18:41 [email protected] ${Market} ${Revision Number} 0 Title Page.qxp_Layout 1 13/9/16 6:36 pm Page 1 china’s tycoons profiles of 150top business leaders fourth Edition Week in China 0 Welcome Note.FIN.qxp_Layout 1 13/9/16 3:10 pm Page 2 Week in China China’s Tycoons Foreword By Stuart Gulliver, Group Chief Executive, HSBC Holdings alking around the streets of Chengdu on a balmy evening in the mid-1980s, it quickly became apparent that the people of this city had an energy and drive Wthat jarred with the West’s perception of work and life in China.
    [Show full text]
  • Conference Review 18-19.10.2018 | Crowne Plaza Shanghai Pujiang Host:
    CPRJ Plastics in Medical Conference & Showcase Conference Review 18-19.10.2018 | Crowne Plaza Shanghai Pujiang Host: Adsale Publishing Ltd.(Adsale Group) Organizer: CPRJ Plastics & Rubber Journal Supporters: CHINAPLAS Society Plastics Engineers (SPE) SpecialChem.com China Association for Medical Suzhou Association for Medical Devices Industry Devices Industry More Details:AdsaleCPRJ.com/MedicalConference 1 / 15 CPRJ Plastics in Medical Conference & Showcase Salute to the following sponsors Diamond Sponsors: Exhibitors: Other Sponsors: 2 / 15 CPRJ Plastics in Medical Conference & Showcase Programme 18 Oct. Morning Session 08:00-12:00 08:00 Audience Reception 08:45 Welcome Remarks Adsale Group Adsale Publishing Ltd. - Janet Tong, General Manager Shanghai MicroPort Medical (Group) Co.,Ltd. - Paul Wang, Senior Purchasing Director 09:00 China Association for Medical Devices Industry - Shan Xu,Secretary-General The current outlook of the Chinese medical device industry and the recent policy implications 09:30 Shanghai Municipal Food and Drug Administration - Senyong Lin, Division Chief, Division of Medical Device Safety Inspection The implementation of medical device registrant system in Shanghai 10:00 Stratasys Shanghai Ltd. - Stanley Leung, Stratasys Product and Applications Engineering Manager 3D printing shaping medical innovation 10:20 Coffee Break / Networking / Exhibition Visiting 10:50 Shanghai MicroPort Medical (Group) Co., Ltd. - Dr. Hongyan Jiang, Senior Vice President of R&D Technical Support and Sharing The biological assessment of medical materials and products 11:20 Wittmann Battenfeld (Shanghai) Co., Ltd. - Terry Liu, General Manager Robot with special application in medical parts production 11:40 Lubrizol Management shanghai Co., Ltd. - Clark Yan, The Moderator: David Zhang, Deputy Great China Business Manager (Life Science) Secretary-General, Innovation Medical Devices Design -Polymer filtering and Case Sharing Committee of China Association for 12:00 Group Photo Medical Devices Industry 12:05 Networking Lunch 18 Oct.
    [Show full text]
  • China's Internet Industry
    Order Code RL30636 CRS Report for Congress Received through the CRS Web China’s Internet Industry August 14, 2000 (name redacted) Analyst in Asian Affairs Foreign Affairs, Defense, and Trade Division Congressional Research Service ˜ The Library of Congress China’s Internet Industry Summary The Chinese Internet industry is one of the fastest growing in the world; the number of users is expected to grow from 9 million to nearly 20 million in 2000 alone. Chinese scientific research institutes, the Chinese government, and Chinese high tech entrepreneurs, many of them backed by American venture capital, have forged the development of the Internet in China. Upon its accession to the World Trade Organization (WTO), China has promised to open its telecommunications sector and Internet industry to much greater foreign investment and trade. The government of the PRC (People’s Republic of China) generally welcomes the Internet’s usefulness in facilitating business transactions and academic research and in attracting foreign investment. However, many Chinese officials fear the Internet’s liberalizing effects upon China’s economy and politics. They have resisted opening up the telecommunications sector and allowing electronic information and communication to flow unimpeded. State companies monopolize the Internet service provider (ISP) market. The government attempts to restrict political uses of the Internet, though it has been unable to monitor and regulate all of the medium’s activity. Some observers suggest that the Ministry of Information Industry will continue to hinder private sector activity and foreign investment in the Internet industry, despite China’s accession to the WTO. This report will be updated as warranted.
    [Show full text]
  • Religion in the Social Transition of Contemporary China
    Religion in the Social Transition of Contemporary China: SINO-AMERICAN PERSPECTIVES WWW.WILSONCENTER.ORG THE WOODROW WILSON INTERNATIONAL CENTER FOR SCHOLARS, established by Congress in 1968 and headquartered in Washington, D.C., is a living national memorial to President Wilson. The Center’s mission is to commemorate the ideals and concerns of Woodrow Wilson by providing a link between the worlds of ideas and policy, while fostering research, study, discussion, and collaboration among a broad spectrum of individuals concerned with policy and scholarship in national and interna- tional affairs. Supported by public and private funds, the Center is a nonpartisan institu- tion engaged in the study of national and world affairs. It establishes and maintains a neutral forum for free, open, and informed dialogue. Conclusions or opinions expressed in Center publications and programs are those of the authors and speakers and do not necessarily reflect the views of the Center staff, fellows, trustees, advisory groups, or any individuals or organizations that provide financial support to the Center. The Center is the publisher of The Wilson Quarterly and home of Woodrow Wilson Center Press, Dialogue radio and television. For more information about the Center’s activities and publications, please visit us on the web at www.wilsoncenter.org. WILSON CENTER BOARD OF TRUSTEES Joseph B. Gildenhorn, Chairman of the Board Sander R. Gerber, Vice Chairman Jane Harman, Director, President and CEO Public members: James H. Billington, Librarian of Congress; John F. Kerry, Secretary, U.S. Department of State; G. Wayne Clough, Secretary, Smithsonian Institution; Arne Duncan, Secretary, U.S. Department of Education; David Ferriero, Archivist of the United States; Fred P.
    [Show full text]
  • MIT International Science & Technology Initiatives (MISTI-China)
    (1995-2012) Volume 1 Issue 1 MIT International Science & Technology Initiatives (MISTI-China) 子曰:學而時習之,不亦說乎? 有朋自遠方來,不亦樂乎? “To study and to review it in timely fashion, is that not, indeed, a pleasure? says the Sage; to have friends come from afar, is that not also a delight?” - Analects of Confucius TABLE OF CONTENTS PAGE Letter from MISTI-China Managing Director 2 Q&A with Sean Gilbert 4 Making of the China Ecosystem 6 What does MISTI do... 7 How to Get Involved 8 MIT-China Forum 10 MIT Greater China Fund for Innovation 12 MISTI-China Student Internships 15 Part I. Individual Internships 16 Part II. CETI (Team) Internships 20 Part III. New Programs (a.) MISTI-China Fung Scholars 26 (b.) Fung Language Scholarships 28 (c.) Banco Santander Marco Polo Program 30 (d.) Company Team Internships 32 (e.) MIT-EECS International Partnership 34 Appendix 39 Co-Authors & Editors: Sean Gilbert, Ye Yao 2 3 Letter from MISTI-China Managing Director Letter from MISTI-China Managing Director 大家好! To MIT Students & MISTI-China Alum, I’ve been given this tremendous opportunity by MISTI to work Over the past 17 years, the MIT MISTI China Program on MIT China activities these past 12 years; and have very has prepared nearly 800 of you to work on projects much enjoyed working with hundreds of students, faculty, and industry partners on exciting projects across Greater China. I throughout Mainland China, Hong Kong, and Taiwan. enjoy discussions on MISTI-China’s plans and hosting events in China with MISTI-China’s Faculty Director, Ed Steinfeld; and in the early years talking about developing the program with myselfNow, as wondering the program about expands many in of new you: directions are you andstill Julian Wheatley while on walkabouts with him in Kunming, pursuingdoubles, perhapsyour China even or soonglobal to interests? triple, in size;Would I findyou Dalian, Shanghai, and Xining.
    [Show full text]
  • Rule 14A-8 No-Action Letter
    UNITED STATES SECURITIES A ND E XC HANGE COMMISSION WASHINGTON, D.C. 20549 DIVISION OF CORPORATION F I NANCE March 17, 20 14 Timothy B. Bancroft Goulston & StoiTS PC [email protected] Re: Sohu.com Inc. Incoming letter dated January 24, 20 14 Dear Mr. Bancroft: This is in response to your letter dated January 24, 2014 concerning the shareholder proposal submitted to Sohu by Jing Zhao. We also have received a letter from the proponent dated January 30, 2014. Copies of all of the correspondence on whi ch this response is based will be made avail able on our website at http://www.sec.gov/divisions/corpfin/cf-noaction/14a-8.shtml. For your reference, a brief di scussion of the Division's informal procedures regarding shareholder proposals is also available at the same website address. Sincerely, Matt S. McNair Special Counsel Enclosure cc: J ing Zhao *** FISMA & OMB Memorandum M-07-16 *** March 17, 2014 Response of the Office of Chief Counsel Division of Corporation Finance Re: Sohu.com Inc. Incoming letter dated January 24, 2014 The proposal requests that the board ofdirectors adopt a policy that the chairman ofthe board be an independent director who has not served as an executive officer ofthe company. We are unable to concur in your view that Sohu may exclude the proposal or portions ofthe supporting statement under rule 14a-8(i)(3). We are unable to conclude that you have demonstrated objectively that the proposal or the portions ofthe supporting statement you reference are materially false or misleading. Accordingly, we do not believe that Sohu may omit the proposal or portions ofthe supporting statement from its proxy materials in reliance on rule 14a-8(i)(3).
    [Show full text]
  • SOHU.COM INC. (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A (Amendment No. 1) (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2017 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMMISSION FILE NUMBER 0-30961 SOHU.COM INC. (Exact name of registrant as specified in its charter) Delaware 98-0204667 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Level 18, Sohu.com Media Plaza Block 3, No. 2 Kexueyuan South Road, Haidian District Beijing 100190 People’s Republic of China (Address of principal executive offices) 86-10-6272-6666 (Registrant’s Telephone Number, Including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Common Stock, $0.001 Par Value Table of Contents SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]