Tags archives: chinese-subsidiary

Facebook Sets Up Innovation Hub in Restricted Zone
Facebook Inc. has set up a subsidiary in Hangzhou, located in China, a nation where the social media giant’s site remains blocked for ten years. As per a filing seen on China’s National Enterprise Credit Information Publicity System by Reuters, the Facebook Chinese subsidiary was approved recently on July 18. “We are interested in setting up an ‘innovation hub’ in Zhejiang to support Chinese developers, innovators and start-ups,” commented Debbie Frost, a Facebook spokesperson, pointing towards the Chinese province where Hangzhou is ...