*Source: Yahoo (
http://news.yahoo.com/s/ap/20071123/...bwjH4 jtBAF)*
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BEIJING - Media mogul Barry Diller said Friday his Internet conglomerate, IAC/InterActiveCorp, will invest $100 million to expand in China by creating services designed for local users.
IAC also will launch its Ask.com Search Engine - Better Web Search (
http://Ask.com) search engine in China within two years, Diller told reporters in a meeting over breakfast.
IAC is looking for opportunities to develop or buy businesses geared to Chinese users, Diller said. He said it wants to avoid the fate of Internet outfits that have struggled in China with offerings developed for the United States and other foreign markets.
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