How common is level 2 cash.

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Unless I'm mistaken, I think the supplementary tables you've displayed list "cash equivalents" among other financial instruments, but if you go to the consolidated b.s., there's a line item for "cash and cash equivalents". As a result, to me at least, it looks like SOHU, for example, carries a blend of level 1 & 2 financial instruments in the "cash and cash equivalents" line, where the "cash equivalents" are all deemed level 2 in the acct. hierarchy. The key takeaway still being, however, that level 2 is still considered "cash equivalent". Anyone feel free to point out if I'm not reading the financials correctly.

You are correct. I have checked NQ, SOHU anc CYOU. In the case of NQ this supplementary table states: "Cash and Cash equivalents" while SOHU's and CYOU's are called just "Cash equivalents". And by checking the balance sheet NQ has only level 2 assets. While for SOHU and CYOU "Cash and Cash equivalents" ia always larger than just "Cash Equivalents" meaning they have hard cash on their accounts.

Well, I admit I am confused here. It indeed looks like all the NQs cash is on the bank deposit as they claim. I guess we need somebody with an accounting background to explain if the company can function with no hard cash at all.