Almost everyone has heard of MySpace. People use MySpace to stay in touch with old friends, make new friends, look up an employee or a potential date before you meet them for the first time, or even as a way to keep the world informed by writing daily blogs. MySpace has taken America by storm and WikiPedia even claims that it is the "third most popular website in the United States."
MySpace began in July of 2003 and the number of created accounts has exceeded 100 million (as of August, 2006). It is interesting to wonder if it would impact other countries the way it has impacted us in America.
An April 27th article in the Wall Street Journal mentions that MySpace has "finally found it's way into China." MySpace China launched it's test version and will be run and controlled by a Chinese company.
MySpace China's independence will give it an advantage, Mr. Luo said, that other foreign-affiliated sites haven't had in China's intensely competitive Internet market, which boasted 137 million Internet users at the end of 2006, second only to the U.S.
"Our team here will have the sole right to decide on the operating model, the technology platform, as well as the product strategy," said Mr. Luo, a native of China who worked for 12 years at Microsoft Corp., most recently running its MSN Internet service in China, before leaving in December. "That's very unlike the other multinationals you might have seen in the Chinese market."
Moreover, despite its high profile in the U.S., MySpace's brand "is not very big" in China, Mr. Luo conceded. He said MySpace's technology will give his company a leg up on less-well-equipped Chinese rivals and that its ability to link Chinese users with existing users of MySpace in other countries could be a selling point. But he said the company's main challenge is to attract the user base necessary to build a thriving community.
Like its U.S. affiliate, MySpace China will get most of its revenue from online advertising. Mr. Luo said he doesn't know how long it will take for the company to become profitable.
The idea of international interest in MySpace says a lot about the way the world is changing. The ability to stay connected with your peers and your community through a social networking website is something that has done amazingly well in our country, and, the thought that other nations may embrace this trend speaks for itself. I think that we are always trying to step back and look at the big picture... and this is definitely a positive thing.