Since 2009 that Facebook got banned in China, it just got back the access to operate. The company which is a face of social media just obtained a license to have an office in China, we believe this is a huge breakthrough considering the social media network is still censored for most residents.
The about to be open office will be a $30 million subsidiary called Facebook Technology (Hangzhou), it will reside in the city of Hangzhou, which is also the headquarters of Alibaba. Facebook plans to be running a startup incubator that will give advice to local businesses and make small investments said by an anonymous source Reuters.
The subsidiary is primarily listed to be owned by Facebook Hong Kong Limited according to the source, also indicated the business filing that has been removed. Facebook does have a sales office in Hong Kong and is not subjected to the rules and censorship of the mainland.
Chief executive Mark Zuckerberg had an interview last week with Recode, he coy on the subject of China when he was asked where Facebook was in China. He responded with “I mean we are blocked”, but he also indicated that the company was still interested in pushing for business there. “I think it’s hard to have a mission of wanting to bring the whole world closer together and leave out the biggest country.”
In a statement, the company tells The Verge, “We are interested in setting up an innovation hub in Zhejiang to support Chinese developers, innovators and start-ups.” It noted that it had similar incubators in France, Brazil, India, and South Korea.
The Company also tells The Verge “We are interested in setting up an innovation hub in Zhejiang to support Chinese developers, innovators and start-ups.”
China is still the only country that’s on the list of Facebook incubators that actively censors the social media site and offers its netizens tempting alternatives like QQ, WeChat and more. It’s also the first time since 2009 that Facebook has gotten its name into the country after Beijing blocked the platform 9years ago.