And now Myspace for China

Myspace

News Corp. chairman Rupert Murdoch is in China to help launch Chinese version of MySpace. Rupert Murdoch’s Chinese-born wife, Wendi Deng, will be working with the company’s executives to help with the launch. MySpace in China will work with various partners in this project who would own about 50 per cent of the venture. MySpace will be looking to avoid any political issues in China, such as those faced by Google and Yahoo. This site will have similar setup with users having the ability to share text, pictures and video.

“We have to make MySpace a very Chinese site,” Murdoch was quoted as saying Tuesday at a conference organized by investment bank Goldman Sachs Group Inc. “I have sent my wife across there because she understands the language.”

This will be a great move for MySpace that will give access to a very large user base. China has the second-largest population of Internet users after the United States, with 123 million people online.

In related news, Yahoo Taiwan is also looking to have a bigger share in Chinese social networking space. Yahoo will be investing $6 million in Wretch.cc to become its biggest shareholder. Wretch is the biggest blog hosting and online photo album service provider, located in Taiwan. Wretch’s Alexa traffic ranking is 27.
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2 Responses to “And now Myspace for China”

  1. StartupSquad » Blog Archive » Yahoo gets Wretch Says:

    […] Few months back we have come to know about the possibility of Yahoo increasing its share in Wretch, the biggest blog hosting and online photo album service provider, located in Taiwan. Instead of that, today Yahoo Taiwan signed a deal of acquire Wretch for an estimated $22 million. Wretch is estimated to have 6.5 million users. The deal will have to go through Taiwanese regulators before it is finally wrapped up early next year. […]

  2. StartupSquad » Blog Archive » Piczo socializes in Europe Says:

    […] Earlier this year Piczo had raised $11 million series C round of funding, bring the total investment in the startup to $18 million till date. MySpace has already been making space for itself overseas by launching it’s platform in France, Germany, and plans to launch in China. Tags: […]

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