Sohu.com receives lukewarm reception on Nasdaq debut

Sohu.com, China's third-biggest internet portal, received a lukewarm reception from investors on its first day of trading on Nasdaq. The shares closed unchanged at $13, even after the company cut back the price by 31%. The response mirrors the reception given two weeks ago to rival Netease.com. Still, China's portal wars are just beginning and sentiment could quickly change, analysts say.