Social media company ramps up presence with new ‘innovation hub’

Facebook has set up a subsidiary in China and plans to create an “innovation hub” to support local start-ups and developers, the company has announced, ramping up its presence in the restrictive market where its social media sites remain blocked.

The subsidiary is registered in Hangzhou, home of e-commerce company Alibaba, according to a filing approved on China’s National Enterprise Credit Information Publicity System last week and seen by Reuters.

Continue reading…

Read More Facebook sets up subsidiary in China despite website ban

Facebook Comments