Facebook plans office in China
Facebook has secured a licence to set up an office in China in an apparent attempt to break into the lucrative market where its website is blocked.
The firm said it would be an “innovation hub to support Chinese developers, innovators and start-ups”.
If the office opens, it would be the firm’s first formal presence in China.
The Facebook subsidiary has been registered in the southern China city of Hangzhou and financed with an investment of £30m, according to the details of the filing, which were seen by Reuters and the New York Times on China’s National Enterprise Credit Information, before they were removed.
BBC News
https://www.bbc.com/news/business-44946497
Facebook sets up subsidiary in China, where it’s blocked – seattlepi.com