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MNST has been discussing entering China for a long time. The investment puts them in direct competition with 51Job, (ticker: JOBS), and gives them more time (and capital) to consider a much-rumored IPO. This is another example (think: IACI's investment in eLong (ticker: LONG)), of a US company teaming up with a Chinese partner instead of starting from scratch. Expect more of these type of investments to come.

Source: More on Monster (MNST) and China