Jonathan Richards
Attend a special evening hosted by Mike Atherton
MySpace, the social networking site, has continued its expansion into new geographies, announcing roll-outs of local sites in India and Korea this week.
The site, which is owned by News Corporation, parent company of Times Online, now has 29 'localised' versions in 15 languages, with Brazil among the more recent additions.
Travis Katz, Managing Director of International for MySpace, said it was important for social networking sites to expand quickly globally, because 75 per cent of the world's internet users - and 50 per cent of the world's online advertising spend - were outside the US.
Social networking sites have also discovered that once a competitor gets a foothold in a country, it becomes difficult for others to enter the market. MySpace, which has about 80 million users worldwide according to Nielsen Online, is the dominant network in the US, whereas Facebook, which has 39 million, is more popular in the UK.
"If you want to have growth in the long term, then you need to be tapping into new markets, but it's important to adapt the product where necessary so that it's relevant to the local audience," Mr Katz said in an interview.
In the case of Korea, considered an important strategic market because of its technologically advanced population, that meant making the MySpace home page more graphics and icon-based and less text-heavy, and introducing a new feature known as a mini-blog, where users can 'update friends on their mood' in a short blog on their profile.
MySpace will face tough competition in the form of Cyworld.com, however, a networking site on which an enormous number of South Korean already have profiles.
India, meanwhile, has a far less developed online population, with only an estimated 40 million people using the internet in a country of a billion people, Mr Katz said. "The online ad market in India is growing at a rate of 30 per cent, but only 1 per cent of the overall ad pie is being spent online, so that's on a relatively small base," he said.
Content for MySpace India will come through a range of partnerships, including one with Star TV, the Asia-wide television network also owned by News Corp.
The announcements come only a week after MySpace signed a deal with ShineReveille, the TV distributor, to help sell content that had been produced uniquely for the MySpace site for broadcast on traditional TV networks.
Both MySpace, which also has plans to launch in Russia, and Facebook have been eyeing up new territories as the popularity of social networking grows.
Last month Facebook indicated that it would soon be launching a version of its site in China by calling on Chinese-speaking users to help translate the site into Chinese - a technique it had used before launching a Spanish version in February.
Analysts say they will face significant challenges, however, particularly in lucrative markets such as China - where MySpace already has a site - because competitors were well-established, and because of cultural differences in the way people used the internet, which it was difficult for US companies to adapt to.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
With rail travel in Europe on the rise, we review the benefits of travelling by train
In this special section we explore new food trends to help improve your dinner party and impress guests
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
1998
£47,955
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
Check your free Experian credit report before applying
Car Insurance
£353 per day
Phonepay Plus
London
PwC’s Consulting practice helps businesses of all shapes and sizes work smarter and grow faster
PwC
£37,000
Department for Culture, Media and Sport
London
Currently £36,285
Department for Culture, Media and Sport
London
Moments from Battersea Park.
For sale with Winkworth
Find out about shared ownership.
See your free Experian credit report beforehand
Accommodation, flights, tickets to the race and a KL city tour for only £999pp
PremierHolidays.co.uk
For your ultimate tailor-made ski holiday, click here
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.