According to China Stock Blog, MySpace appears close to going global. Says the blog...

Co-founder and Chief Executive Officer Chris DeWolfe, speaking at an Internet conference in San Francisco on Wednesday, said its big plan for the year is to expand in Europe, Australia and elsewhere.

“We need to prove ourselves internationally,” DeWolfe said before investors at the Thomas Weisel Partners Internet & Telecom Conference. MySpace, based in Santa Monica, has already taken off in the United Kingdom, he continued, and it is “taking a hard look at China.”

As a general rule, a company just dipping its toes into the Web globalization waters is wise to start off a bit more slowly, perhaps with a Spanish-language Web site. Spanish doesn't pose the character set challenges of a language such as Chinese, which makes for a less-steep learning curve. But the lure of China is great and time is a wasting for a company wanting to grow BIG fast.