In the Chinese segment of the Internet, a local branch of the social network MySpace, owned by News Corp., began its work.
To circumvent the “political obstacles” faced by other US companies that attempted to enter the Chinese market, International Data Group and China Broadband Capital Partners joined the
MySpace China investors. Among the managers were the wife of the owner Rupert Murdoch (Rupert Murdoch), as well as two co-founders.
The list of Chinese MySpace services will not differ from that offered to users in other countries, but the resource is going to compete with the WangYou website. Its audience totals 11 million people, and it offers exclusively Chinese services.
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Searchenginejournal.com