Facebook opens a subsidiary in China, a breakthrough for the banned social media platform

Facebook opens a subsidiary in China, a breakthrough for the banned social media platform

6 years ago
Anonymous $hM_jrxqbr-

https://www.theverge.com/2018/7/24/17607992/facebook-allowed-china-censorship-ban-hangzhou-zuckerberg

After years of being banned, Facebook will now be allowed in China — sort of. The company has obtained a license to open an office in China, which is a major breakthrough considering the social media network is still censored for most residents.

The office will be a $30 million subsidiary called Facebook Technology (Hangzhou), located in the city Hangzhou, which is also the headquarters of Alibaba. Facebook will be running a startup incubator that will make small investments and give advice to local businesses, an anonymous source told Reuters.

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