Facebook and Myspace, two popular social networking websites in the United States, are pressing on a global expansion and each of them has made China a target market for their competition.

Following Myspace, which launched its Chinese version website in early Spring of this year, Facebook, which has just received US$240 million investment from Microsoft, is planning an entry into the Chinese market. Chinese media reports that the online community website may come to China as early as December this year through a series of acquisitions.

According to market survey company eMarketer, Facebook will achieve US$125 million in advertisement income in 2007.