my space

The Chinese market is already home to 137 million Internet users, most of them under age 30. News Corp.'s MySpace is the champion of reaching youth and making money from user-generated Web content.The exact size of the stake MySpace might take in the China venture remains in flux, according to the people with knowledge of the talks.Almost every other international Internet company that has tried to move into China has stumbled over an obstacle course of management, regulatory, and competitive challenges. After years of struggling on their own, Yahoo Inc. and eBay Inc. have both handed over their Chinese operations to local companies. Google Inc., which hasn't, is far behind local competitor Baidu.com Inc. in market share, despite a big push into China in the last year