Charles Zhang is not afraid of heights. Last month Zhang, the 39-year-old founder of Chinese Internet portal Sohu .com, was clinging to the face of Mount Everest, 6,666 m above sea level. That's high, but it's nothing compared to the altitude of his company's stock price. On June 25, Sohu shares stood at $26.24 on NASDAQ — a gain of almost 200% since April 1. More impressive, Sohu shares are worth 36 times their value during the dark days of the Internet bust. Sohu, which started in 1996 as the first Chinese-language search engine, surprised critics by turning profitable in the...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!