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Facebook Moves into China, Subsidiary Opens in Hangzhou

Last updated on September 2, 2018

US social media giant Facebook has finally moved into China by setting up a subsidiary in the country, a move widely viewed as to ramp up its presence there although its social media sites remain blocked.

Facebook has opened an office in Hangzhou, home to the e-commece giant Alibaba, with a registered capital of US$30 million, according to the record of China’s National Enterprise Credit Information Publicity System.

“We are interested in setting up an innovation hub . . .

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