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News Corp’s MySpace Looking at China? (NWS)
at 2006-03-09 21:53:58

From SFGate.com:

MySpace, the Web site that has become the A-list online hangout spot with 61 million members, plans to expand aggressively beyond the United States, perhaps even to China.

Co-founder and Chief Executive Officer Chris DeWolfe, speaking at an Internet conference in San Francisco on Wednesday, said its big plan for the year is to expand in Europe, Australia and elsewhere.

“We need to prove ourselves internationally,” DeWolfe said before investors at the Thomas Weisel Partners Internet & Telecom Conference. MySpace, based in Santa Monica, has already taken off in the United Kingdom, he continued, and it is “taking a hard look at China.”

DeWolfe did not offer details about doing business in China, a fast-growing Internet market that is a critical, but controversial, focus for Web companies such as Yahoo and Google.

This comes less than a week after…..(full article):

ChinaInteractive Corp, the fastest-growing Internet company in China, and which some are calling China’s MySpace, has raised $48 million from a bunch of Silicon Valley and other investors.

It has also changed its name to Oak Pacific Interactive.

Oak Pacific’s main property is MOP.com, where Chinese users can watch live Chinese TV, and change channels. It lets you download movies. The company, based in Beijing, also offers a host of other services, including profile pages ala Myspace, SMS, dating service voice mail, blogging — the list goes on.

It is the largest social networking Web site in China. It is also the fastest growing, according to chief executive Joe Chen. It has a hundred million page views per day, making it slightly smaller than MySpace, but larger than Facebook — and in the top thirty global Web sites. In China, it is number five or six in total advertising online, after the three big portals, Baidu, and possibly Tom.com.

Comment: Any surprise DeWolfe is “taking a hard look at China”?

NWS 1-Yr Price Performance:



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