Create an Account
username: password:
 
  MemeStreams Logo

MemeStreams Discussion

search


This page contains all of the posts and discussion on MemeStreams referencing the following web page: MySpace makes belated entry into China - CNN.com. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

MySpace makes belated entry into China - CNN.com
by Rattle at 2:36 pm EDT, Apr 28, 2007

News Corp.'s popular social networking site MySpace launched a test version of its new China service on Friday, making a late entry into the intensely competitive Chinese Internet market.

MySpace China will be a Chinese-owned company with backing from MySpace Inc., the IDG venture capital firm and a Chinese investment fund, the company said. Spokespeople for the company refused to give an ownership breakdown or say which investor would control it.

"Based on the MySpace global brand and technology platform, we will develop products and features that are tailored to today's Chinese citizens," Luo Chuan, a former Microsoft Corp. executive who is to lead the venture, said in a prepared statement.

The strategy of having a Chinese company operate the service follows the approach of Yahoo Inc., eBay Inc. and other Internet competitors that have turned to local partners to run their China operations after struggling to win market share.

News Corp. Chairman Rupert Murdoch said in September the company was looking for a way to enter China without running into political obstacles and "heavy weather" faced by Google and Yahoo.

Murdoch said his Chinese-born wife, Wendi Deng, was playing a key role in helping to launch the China-based service.

News Corp. has tried to expand in China but has been stymied by restrictions on foreign media ownership.


 
 
Powered By Industrial Memetics