56.com is one of the largest video sharing websites in China where users can upload, view, and share video clips. A fully owned subsidiary of Sohu, the company is headquartered in Tianhe District, Guangzhou, Guangdong. The domain 56.com attracted at least 3.2 million visitors annually by 2008 according to a Compete.com survey. On December 31, 2014, Sohu had reached a deal with compatriot social networking site operator Renren to acquire 56.com. According to a source familiar with the deal, Sohu paid US$25 million for 56.com.