https://techcrunch.com/2018/07/25/confusion-reigns-as-facebook-briefly-receives-china-business-license/ > Facebook’s long-running effort to go into China got a boost this week after the U.S. company was handed a license to set up a subsidiary in the country. But quickly after news broke, the license was seemingly revoked. > The incident started when Reuters spotted a filing approved on China’s National Enterprise Credit Information Publicity System for a Facebook subsidiary that is registered in Hangzhou, the location of e-commerce giant Alibaba’s HQ. Records show the subsidiary is financed by $30 million in capital, with Facebook Hong Kong listed as the sole shareholder.