News Corp's MySpace Looking at China? (NWS)
From SFGate.com:
MySpace, the Web site that has become the A-list online hangout spot with 61 million members, plans to expand aggressively beyond the United States, perhaps even to China.
Co-founder and Chief Executive Officer Chris DeWolfe, speaking at an Internet conference in San Francisco on Wednesday, said its big plan for the year is to expand in Europe, Australia and elsewhere.
"We need to prove ourselves internationally," DeWolfe said before investors at the Thomas Weisel Partners Internet & Telecom Conference. MySpace, based in Santa Monica, has already taken off in the United Kingdom, he continued, and it is "taking a hard look at China."
DeWolfe did not offer details about doing business in China, a fast-growing Internet market that is a critical, but controversial, focus for Web companies such as Yahoo and Google.
This comes less than a week after.....(full article):
ChinaInteractive Corp, the fastest-growing Internet company in China, and which some are calling China's MySpace, has raised $48 million from a bunch of Silicon Valley and other investors.
It has also changed its name to Oak Pacific Interactive.
Oak Pacific's main property is MOP.com, where Chinese users can watch live Chinese TV, and change channels. It lets you download movies. The company, based in Beijing, also offers a host of other services, including profile pages ala Myspace, SMS, dating service voice mail, blogging -- the list goes on.
It is the largest social networking Web site in China. It is also the fastest growing, according to chief executive Joe Chen. It has a hundred million page views per day, making it slightly smaller than MySpace, but larger than Facebook -- and in the top thirty global Web sites. In China, it is number five or six in total advertising online, after the three big portals, Baidu, and possibly Tom.com.
Comment: Any surprise DeWolfe is "taking a hard look at China"?
NWS 1-Yr Price Performance:

- Viacom's Tumble Takes Media Stocks With It »
- Emmis Communications Corporation F2Q09 (Qtr End 08/31/08) Earnings Call Transcript »
- Amazon, Rhapsody Gain in Digital Music Market ; iTunes Still Top Dog »
- Netflix May Dominate The Online Video World, But With What Business Model? »
- Sirius Shares Priced Like Stamps »
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Apocalypse Dow: The Search for Scapegoats
- Reading the S&P 500's Crashing Waves
- On a Return to Normalcy: Dow 8,500
- Looking Back at Lehman: Lying, Scapegoating and a General Lack of Accountability
- iShares ETF Tracking Error: Risks and Explanations
- U.S. vs. the World: Sectors Matter
- Full list of Editor's Picks »
- Nation's Debt: It's Not Being Rescued, It's Being Moved Around »
- Clueless - Cramer's Mad Money (10/8/08) »
- Cramer Should Be Suspended »
- Crazy P/E Ratios »
- Sirius Shares Priced Like Stamps »
- Earnings Preview: General Electric »
- Wall Street Breakfast: Must-Know News »
- This Isn't a Bottom, It's a Disturbance in The Force »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- Similarities to U.S. 1937, Japan 1998 »
- 5 Reasons Stocks Will Keep Falling »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- 'When There's Blood in the Streets', Buy Biotech Stocks
- Midstream MLPs Crashing, Present Opportunity
- A Fresh Look at Shipping Company Stocks
- Panic Selling in InterOil: What Now?
- Potash Corp.: No Liquidity Problems Here
- The Year of the Bear
- Cobalt: More Than Just Blue
- Investors Can Find Comfort in Big Blue
- Hershey: The Perfect Recession Investment?
- Applied Materials Leads by Example
- Full list of Long Ideas »
- The Short Case for General Electric
- Too Late to Short SPY? An Historical Perspective
- Henderson Group: Profit Warning Surprises Short Investors
- Decreasing Chipotle Traffic Could Spell Trouble
- Why I Sold Lowe's Short
- Accor, Host and Marriott: Short Interest Heats Up
- Global Financial Crisis Makes Oil a Great Hedge
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- Full list of Short Ideas »
- Prefer a Yield - Cramer's Lightning Round (10/10/08)
- Bulls Take a Stand - Cramer's Stop Trading! (10/10/08)
- Clueless - Cramer's Mad Money (10/8/08)
- Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)
- Chocolate Lover - Cramer's Mad Money (10/7/08)
- Yield is King - Cramer's Lightning Round (10/7/08)
- Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Buyers On Strike - Cramer's Stop Trading! (10/6/08)
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »


