Zhang Chaoyang Net Worth

(ISI) late in 1995 and got back to Beijing to establish the ISI China operation. At ISI, Zhang came up with the idea to found his own Internet search engine company. That’s how Internet Technologies China (ITC) was set up in 1996 by Zhang Chaoyang and his two fellow MIT Professors with the help of venture capital. Also, it was the first VC funding of a Chinese Internet company. Once he met Jerry Yang in May of 1997, he decided to transform ITC and changed its name to Sohu. Soon, Sohu and its search engine became a household name in China. In order to raise capital, Zhang carried out four mergers with other Chinese Internet companies. It was on July 12, 2000, when Sohu was listed on NASDAQ Stock Market. Thanks to Zhang, the company lived through the dotcom crash in the early 2000s and eventually became one of very well known Chinese Internet stocks, with a market value of around $2 billions..