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Charles Zhang

From Wikipedia, the free encyclopedia
In this Chinese name, the family name is Zhang (张).
Charles Zhang
张朝阳 / Zhāng Cháoyáng
Born (1964-10-31) October 31, 1964 (age 60)
Xi'an, China
NationalityChinese
Alma materTsinghua University
MIT
Occupation(s)Founder, chairman & CEO Sohu Group
Board member ofChangyou.Com Ltd
Websitehttp://corp.sohu.com/20060507/n243126051.shtml

Charles Zhang or Zhang Chaoyang (Chinese: 张朝阳; pinyin: Zhāng Cháoyáng) (born October 31, 1964) is a Chinese businessman, investor and the founder, chairman and current CEO of Sohu Inc (Chinese: 搜狐). Sohu Inc is listed to trade on NASDAQ and now has around 14,200 employees worldwide. Dr. Zhang is regarded as one of China's leading Internet pioneers and was named by Forbes magazine as one of the richest men in China in 2010.[1]

Early life and education

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Charles Zhang was born in Xi'an, China. His parents were residential physicians at a small arsenal near Xi'an. His ancestors were from Henan. Zhang had been interested in science from a very young age. He studied at the Xi'an Qinghua middle school (西安庆华中学) and transferred to the Xi'an Middle School of Shaanxi Province. He excelled at school.

Zhang was accepted to study physics at the prestigious Tsinghua University in Beijing and graduated in 1986.

He then received a full CUSPEA scholarship to attend graduate school at Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts, United States.[2]

Zhang graduated from MIT in 1993 with a PhD in experimental physics. He then went on to serve as MIT's liaison officer for China.[3]

Founding of Sohu

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Soon after leaving MIT, Dr. Zhang joined Internet Securities Inc. (ISI) in November 1995 and returned to Beijing to establish the ISI China operation.[4]

While at ISI, Zhang quickly envisioned an Internet search engine company.

In 1996 with the support of MIT Media Lab director Nicholas Negroponte and MIT Sloan School of Management professor Edward B. Roberts, as well as venture capital, Charles Zhang founded his own company, Internet Technologies China (ITC 爱特信公司).[5] This was the first VC funding of a Chinese Internet company in history.[2]

In May 1997, after meeting Yahoo founder Jerry Yang, Zhang decided to transform ITC and change its name to Sohu.[3]

Sohu and its search engine quickly became a household name in China. Zhang managed to successfully conduct four mergers with other Chinese Internet companies to raise capital. On July 12, 2000, Sohu was listed to trade on NASDAQ - GS.[6] During the dotcom crash in the early 2000s, Sohu's stock dropped below $1 USD, many board members and investors wanted to replace Zhang. But Zhang remained, and later he credited his non-confrontational style as a factor that helped him maintain his position.[7]

Today, Sohu is one of the leading Chinese Internet stocks, with a market value of around 2 billion dollars at around $45 USD per share.[6] Internet community blogging and short-messaging service, which helped the company turn around and generate total revenues of $750 million in China in 2002, accounted for 48% of company's revenues in 2004 and 2006.[7][8]

Personal life

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In many occasions, Zhang mentions about hoping he can live till the age of 150. He believes that stress plays an important role in aging and if one practices yoga and understands Buddhism, he/she can be "freed" from stress, and so live till the age of 150.[9][10] Zhang also enjoys mountaineering, he has been training on Mount Everest and has reached the height of 6,666 m above sea level, he hopes to scale the top of Everest one day.[11][12][13]

See also

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References

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  1. ^ "Forbes.com: Forbes Global China Rich List 2003". www.forbes.com. Archived from the original on 24 May 2011. Retrieved 15 January 2022.
  2. ^ a b "China Vitae: Biography of Zhang Chaoyang". Chinavitae.com. Retrieved 2014-09-13.
  3. ^ a b "Charles Zhang a Confident Man of Action". China.org.cn. Retrieved 2014-09-13.
  4. ^ "Dr. Charles Zhang Chaoyang". Chinadaily.net. Retrieved 2014-09-13.
  5. ^ "Cyber Elite - Charles Zhang". Time. 29 October 2008. Archived from the original on 2008-10-29. Retrieved 2 April 2021.
  6. ^ a b "Sohu.com Inc. (SOHU) Stock Report – NASDAQ.com - NASDAQ.com". Archived from the original on 2011-06-11. Retrieved 2014-09-13.
  7. ^ a b Kuo/Chengdu, Kaiser (2003-07-28). "Sohu.com: Charles Zhang/Beijing". Time. Archived from the original on October 25, 2012. Retrieved 2014-09-13.
  8. ^ "[ 娱乐 ] 波士堂 搜狐张朝阳B". Archived from the original on July 13, 2011. Retrieved October 6, 2008.
  9. ^ "视频: 鲁豫有约 张朝阳 4". Archived from the original on January 22, 2009. Retrieved October 6, 2008.
  10. ^ October 26, 2007 - "A Date with Luyu" (鲁豫有约) - Phoenix Television
  11. ^ "Tech Survivors: Charles Zhang". Time. 13 October 2008. Archived from the original on 2008-10-13. Retrieved 2 April 2021 – via Wayback Machine.
  12. ^ "王勇峰 张朝阳率搜狐假日登山队冲顶唐拉昂曲-搜狐户外". Outdoor.travel.sohu.com. Retrieved 2014-09-13.
  13. ^ "Charles Zhang, Sohu.com". BusinessWeek. Archived from the original on 2011-05-23. Retrieved 2014-09-13.
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