News Corp to set up MySpace in China-report

News Corp.'s is in talks to bring the social-networking site to China with Boston technology trade publisher International Data Group's Chinese venture arm and former China Netcom Group CEO Edward Tian, a Reuters report, quoting the Wall Street Journal Web site said.

The WSJ, citing people close to the situation, said that News Corp. Chairman Rupert Murdoch's wife, Wendi Deng, is likely to join the board of MySpace China.

Although News Corp. has publicly announced its intention to expand MySpace into China, people close to the matter say no deal has been completed yet, the paper said.

But MySpace, a Web site that lets users post their own videos, pictures and blogs online, could face stiff competition and regulatory hurdles in China, the paper said, as other big U.S. Internet players have struggled to topple local rivals in China.