Shen Qu, a new Web-based game, was well-received by gamers upon launch, adding to the top-line results.

FORBES: Sohu Q1 Tops Estimates; Q2 EPS Guidance Light; Shrs Fall

Qu was discussing a 60-page HSBC report about the yuan, released this week.

FORBES: China's Global Yuan Push Accelerating

It points to a March 2004 e-mail Qu sent, trying to turn down money, saying he was "uncomfortable" with such a huge bonus.

FORBES: Financial Follies

It was lucky for Qu, who had no tech experience--in Shanghai he ran a real estate outfit--and had been turned down by U.S. venture capitalists.

FORBES: Financial Follies

"October's final PMI rose to an eight-month high, implying that China's industrial activity continues to bottom out following a modest pick-up last month, " Qu Hongbin, chief China economist at HSBC, said in a statement.

BBC: China manufacturing activity at three-month high