The Wall Street Journal reports that News Corp’s is in talks with partners like IDG’s Chinese venture arm, and former China Mobile CEO Edward Tian, to develop a chinese version of MySpace, its fast growing social networking division. Rupert Mudoch’s wife Wendi Deng is likely to join the board of MySpace China.
The Murdochs are also friends with Mr. Tian, the former China Netcom chief. Mr. Tian is now founder and chairman of China Broadband Capital Partners LP, as well as a senior adviser to buyout firm Kohlberg Kravis Roberts & Co.
The Journal also adds that Luo Chuan, the former general manager of MSN China could be the CEO of MySpace China. ySpace’s chinese ambitions shouldn’t be news to GigaOM readers. Katie first reported MySpace’s desire to expand to China, back in September. At the time, she reported that MySpace was talking to China Mobile, one of the largest mobile operators in the world.