China’s MySpace - Social networking site snags $48 million from VCs

REDHERRING.COM: How do you say MySpace in Mandarin or Cantonese? The U.S. venture capital and private equity firms that funneled $48 million into Oak Pacific Interactive in early March are hoping it sounds something like Mop.com. That’s the name of Oak Pacific Interactive’s social networking site that has emerged as a powerhouse among Chinese-language web sites.