SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                   Under the Securities Exchange Act of 1934


                                  SOHU.COM INC
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                                (Name of Issuer)


                                  COMMON STOCK
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                         (Title of Class of Securities)


                                  US83408W1036
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                                 (CUSIP Number)


                                   05/24/2007
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            (Date of Event Which Requires Filing of this Statement)

     Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

                  [ ]    Rule 13d-1(b)

                  [X]    Rule 13d-1(c)

                  [ ]    Rule 13d-1(d)



CUSIP NO. US83408W1036                13G                      Page 1 of 1 Pages
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  1.    Names of Reporting Persons/
        I.R.S. Identification Nos. of above persons (entities only)

        Pictet Asset Management Limited ("PAM LTD")

        The reporting person disclaim beneficial ownership of the shares
        reported, which are owned of record and beneficially by three non-U.S.
        investment funds, both managed by PAM LTD.
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  2.    Check the Appropriate Box if a Member of a Group
        (a) [ ]

        (b) [ ]

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  3.    SEC Use Only


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  4.    Citizenship or Place of Organization

        Pictet Asset Management Limited -- United Kingdom
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     Number of             5.      Sole Voting Power

      Shares                       Pictet Asset Management Limited: 2,096,242
                           -----------------------------------------------------
   Beneficially            6.      Shared Voting Power

     Owned by                      Pictet Asset Management Limited: None
                           -----------------------------------------------------
       Each                7.      Sole Dispositive Power

     Reporting                     Pictet Asset Management Limited: 2,096,242
                           -----------------------------------------------------
   Person With:            8.      Shared Dispositive Power

                                   Pictet Asset Management Limited: None
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  9.    Aggregate Amount Beneficially Owned by Each Reporting Person

        Pictet Asset Management Limited: 2,096,242
--------------------------------------------------------------------------------
 10.    Check if the Aggregate Amount in Row (9) Excludes Certain Shares

        [ ]
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 11.    Percent of Class Represented by Amount in Row (9)

        Pictet Asset Management Limited: 5.6%
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 12.    Type of Reporting Person

        Pictet Asset Management Limited: IA
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Item 1.

     (a)  Name of Issuer: SOHU.COM INC

     (b)  Address of Issuer's Principal Executive Offices:

                7 JIANGUOMEN HEI AVENUE
                SUITE 1519, TOWER 2
                BRIGHT CHINA CHANG AN BUILDING
                BEIJING, 100005

Item 2

     (a)  Names of Person Filing:

               Pictet Asset Management Limited ("PAM LTD")

     (b)  Address of Principal Business Office or, if none, Residence:

               Pictet Asset Management Limited:
                    MOOR HOUSE LEVEL 11
                    120 LONDON WALL
                    London EC2Y 5ET
                    UNITED KINGDOM

     (c)  Citizenship:

               Pictet Asset Management Limited: United Kingdom

     (d)  Title of Class Securities: COMMON STOCK

     (e)  CUSIP Number: US83408W1036

Item 3. If this statement is filed pursuant to Rule 13d-1 (b), or 13d-2 (b) or
(c), check whether the person is A

      Not applicable.

Item 4. Ownership

     The reporting persons disclaim beneficial ownership of the shares reported,
which are owned of record and beneficially by three non-U.S. investment funds,
both are managed by PAM LTD.

     (a)  Amount Beneficially Owned:

               Pictet Asset Management Limited: 2,096,242

     (b)  Percent of Class:

               Pictet Asset Management Limited: 5.6%

     (c)  Number of shares as to which such person has:

               Pictet Asset Management Limited:
               (i)   sole power to vote or to direct the vote: 2,096,242
               (ii)  shared power to vote or to direct the vote: None



               (iii) sole power to dispose or to direct the disposition of:
                     2,096,242
               (iv)  shared power to dispose or to direct the disposition of:
                     None

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

     See answer to Item 2 (a)

Item 8. Identification and Classification of Members of the Group

     Not applicable.

Item 9. Notice of Dissolution of the 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 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 : 25th MAY 2007


                                        /s/ David Cawthrow
                                        ----------------------------------------
                                        David Cawthrow
                                        Chief Compliance Officer


                         AGREEMENT OF REPORTING PERSONS

     The undersigned herby agree that the foregoing Schedule 13G is filed on
behalf of the undersigned.


Pictet Asset Management Limited


By: /s/ David Cawthrow
    ----------------------------------------
    David Cawthrow, Chief Compliance Officer