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News
Corp has inked a deal to license the brand
for MySpace and allow local Chinese businessmen
create local domestic business based on
it.
Media
reports indicate that News Corp is keen
to avoid mistakes made by the first and
second waves of international Internet companies
that came to China. By putting a local manager
in News Cporp is looking to give MySpace
a chance in a very crowded area. There are
at least 100 companies competing in the
same space that MySpace has just entered.
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