Sohu and Netease jump on fundraising bandwagon

Investors report that Nasdaq-listed Sohu.com and Netease.com are preparing to issue convertible bonds early this week through Deutsche Bank, which has the mandate for both of the competing internet operators. News of their issuance plans is unlikely to come as much of a surprise given the stock price performance of both companies and the success of transactions last week for Sina Corporation and tom.com.