UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 SOHU.COM INC. ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, $.001 PAR VALUE ------------------------------------------------------------------------------- (Title of Class of Securities) 83408W103 ------------------------------------------------------------------------------- (CUSIP Number) October 11, 2002 ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP NO. 83408W103 --------- ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Jayhawk Capital Management, L.L.C. ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) 2 (a) [_] (b) [_] ------------------------------------------------------------------------------ SEC USE ONLY 3 ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 4 Delaware ------------------------------------------------------------------------------ SOLE VOTING POWER 5 NUMBER OF 36,900 SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 6 OWNED BY 2,702,800 ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 7 REPORTING 36,900 PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 8 2,702,800 ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9 2,739,700 ------------------------------------------------------------------------------ CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 10 (SEE INSTRUCTIONS) [_] ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11 7.67%. (The foregoing percentage is calculated based on the 35,699,721_shares of Common Stock reported to be outstanding as of August 13, 2002 in the Quarterly Report of Form 10-Q of Sohu.com Inc. for the quarter ended June 30, 2002.) ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) 12 IA ------------------------------------------------------------------------------ ------------------------------------------------------------------------------ Item 1. (a) Name of Issuer - Sohu.com Inc. (b) Address of Issuer's Principal Executive Offices - 7 Jianguomen Nei Avenue, Suite 1519, Tower 2, Bright China Chang An Building, Beijing 100005, People's Republice of China. Item 2. (a) Name of Person Filing - Jayhawk Capital Management, L.L.C., a Delaware limited liability company. (b) Address of Principal Business Office or, if none, Residence - 8201 Mission Road, Suite 110, Prairie Village, Kansas 66208 (c) Citizenship - Delaware (d) Title of Class of Securities - Common Stock, $.001 par value (e) CUSIP Number - 83408W103 Item 3. If this statement is filed pursuant to (S)(S)240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) [X] An investment adviser in accordance with (S)240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with (S)240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with (S)240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with (S)240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: Jayhawk Capital Management, L.L.C. is the beneficial owner of 2,739,700 Shares of Sohu.com Inc., which are held by the following entities: Jayhawk China Fund (Cayman), Ltd. holds 2,702,800 Shares; and Lucky Henry, L.P holds 36,900 Shares. Jayhawk Capital Management, L.L.C. is the general partner and/or manager and/or investment advisor for Jayhawk China Fund (Cayman), Ltd. and Lucky Henry, L.P. (b) Percent of class: 7.67 %. The foregoing percentage is calculated based on the 35,699,721 shares of Common Stock reported to be outstanding as of August 13, 2002 in the Quarterly Report of Form 10-Q of Sohu.com Inc. for the quarter ended June 30, 2002. (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote - 36,900. (ii) Shared power to vote or to direct the vote - 2,702,800. (iii) Sole power to dispose or to direct the disposition of - 36,900. (iv) Shared power to dispose or to direct the disposition of - 2,702,800. Item 5. Ownership of Five Percent or Less of a Class Not Applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. -------------------------------- Date JAYHAWK CAPITAL MANAGEMENT, L.L.C. By: /s/ Kent Charles McCarthy ----------------------------- Signature Name: Kent Charles McCarthy Title: Managing Member of Jayhawk Capital Management, L.L.C., Manager and/or general partner and/or investment advisor for Jayhawk China Fund, Ltd. and Lucky Henry, L.P.