China Web 2.0: Joe Chen Wants it All

The CEO of Beijing's Oak Pacific Interactive says he's ready to rumble with Rupert Murdoch's MySpace for dominance of mainland social networking sites

In China's freewheeling and hyper-growth Internet market, homegrown tech companies such as Baidu.com (BIDU), Dangdang.com, and Alibaba.com have strong-armed U.S. rivals like Google (GOOG), Amazon (AMZN), and eBay (EBAY) from gaining much ground in the online search and e-commerce markets. Now entrepreneur Joe Chen similarly hopes to make the rapidly growing arena for Web. 2.0 interactive social networking sites a no-go zone for potential competitors like Rupert Murdoch's News Corp. (NWS)

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