In Asia, MySpace Clones Stalk Cyberspace

How big is the social networking craze on the Net in Asia? Global investors will get a far better sense on Sept. 14 in Tokyo. That's when Japan's fastest-growing social networking site, mixi, will launch a much anticipated initial public offering. While mixi is no MySpace—there are currently 5 million users at mixi—its membership has quintupled in the past year. At 7 billion page views a month, mixi trails only Yahoo! (YHOO) and Google (GOOG) in Japan in online traffic and is the No. 37 site globally, according to Alexa.com.