One of my favorite Chinese Internet stocks, Sohu.com (SOHU), reported outstanding earnings this morning. For the second quarter, Sohu.com earned $1.02 a share. That's an increase of 580% over last year! Wall Street was expecting just 67 cents a share. The company also said it's going to have an IPO for Changyou.com which is its online games unit. Sohu.com is one of the largest providers of online products and services to consumers and businesses in China. Although the stock is down today, it's up over 18% in the last two weeks.