Ask.com Plans On China Expansion
IAC Looks to Expand Web Presence in China from the Wall Street Journal reports Ask.com is planning on coming to China within two years.
Barry Diller said he plans on spending $100 million to bring Ask.com to China. Diller told the Wall Street Journal, “We’ve certainly got enough capital to do damage,” and admitted there is risk to such an undertaking. Diller plans on replicating the strategy they used to expand in the European markets with this China expansion.