IAC Expanding in China

ASOCIATED PRESS -- Nov 23 -- IAC/InterActiveCorp will invest $100 million to expand in China. IAC's 30 Web brands include Match, Citysearch and Excite. IAC will also launch its Ask.com search engine in China within two years. With 162 million people online, China has the world's second largest population of Internet users after the U.S.

Mark Brooks: Match acquired China's eDodo.net in February. Meetic paid $20 million for YeeYou in January. See interview with Meetic's CEO.