MySpace heads to China - report

 

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By Reuters

Posted on 1 Dec 2006 at 10:41

MySpace.com is in talks to bring its social-networking site to China. It is negotiating with Boston technology trade publisher International Data Group's Chinese venture arm and former China Netcom Group's Chief Executive Edward Tian, reports the Wall Street Journal.

Citing people close to the situation, the WSJ said that News Corp chairman Rupert Murdoch's wife, Wendi Deng, is likely to join the board of MySpace China.

Although News Corp. has publicly announced its intention to expand MySpace into China, people close to the matter say no deal has been completed yet, the paper said.

But MySpace, a Web site that lets users post their own videos, pictures and blogs online, could face stiff competition and regulatory hurdles in China, the paper said, as other big US Internet players have struggled to topple local rivals in China.