Saturday, April 28, 2007

MY Space launched in China


My Space, an all popular blogging website, has been launched in China. My Space is a famous site, where most artistes blog around the world. This must have been a piece of good news for China Bloggers who want to try something new.MySpace China may have been spurred to emphasise its local identity by the fact that international Internet companies' attempts to enter China have so far tended to end in failure, observers said. "I think they're trying to distance themselves from the long line of previous blunders," said William Bao Bean, a partner with Softbank China & India Holdings and an expert on Asian technology issues. "There's no example of foreign Internet companies coming into China and being successful that I can think of," he said. Despite MySpace China's efforts to differentiate itself, MySpace Inc will be represented with three board members. They include Murdoch's wife, Wendy Deng, as well as MySpace founders Chris DeWolfe and Tom Anderson, Luo said. Investors in MySpace China also include International Data Group and China Broadband Capital Partners, an investment company founded by former China Netcom Group Corp chief executive Edward Tian. Luo declined at a briefing to give specific details about the size of the investment or the share that MySpace Inc accounts for. Analysts have said that it was necessary for MySpace Inc to enter into a partnership with local companies in order to gain access to China's tightly controlled Internet.

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