Friday, April 27, 2007

MySpace Launched in China

Via Middle East Times -

BEIJING -- MySpace announced its launch in China Thursday, following months of speculation about the Rupert Murdoch-controlled social networking site's plans for the nation's 137 million Internet users.

MySpace China introduced itself as a "locally owned, operated, and managed company" in which News Corp.-owned MySpace Inc. was only one among several investors. "Based on the MySpace global brand and technology platform, we will develop products and features that are tailored to today's Chinese citizens," said MySpace China CEO Luo Chuan, a former Microsoft executive.

Other investors include International Data Group and China Broadband Capital Partners, the investment company of former China Netcom Group Corp. chief executive Edward Tian.

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