IAC to spend $100 million in China
The Wall Street Journal reports that IAC/InterActiveCorp. is planning to enter China with $100 million earmarked for Internet businesses. A new company is expected to launch within a year and would cover media and advertising. IAC is also planning to bring Ask.com to China. Prior to this announcement, IAC has already invested $200 million in China, the report said.
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What do you think?