NEW YORK (AP) — Facebook is blocked in China but it’s still setting up a subsidiary in the world’s most populous country.
The company says it wants to set up an “innovation hub” in Zhejiang to support Chinese developers, innovators and startups. It has done the same elsewhere, including France, Brazil, South Korea and India. But it is not blocked in those countries.
Facebook said on Tuesday that the subsidiary will focus on training and workshops for developers and entrepreneurs.
According to The Washington Post, a filing published on China’s National Enterprise Credit Information Publicity System listed the company as Facebook Technology (Hangzhou) Co. The filing, which is no longer accessible, noted that the company is owned by Facebook Hong Kong Ltd. It has registered capital of $30 million.
Most Read Business Stories
- California: Drugmaker paid doctors to overprescribe Humira
- Amazon considering opening 3,000 cashierless Go stores, report says
- No good deed goes unpunished — Bezos' gift and its discontents | Jon Talton
- In a bitcoin-dotcom-like frenzy, Tilray stock ends a wild day higher after wiping out 94 percent gain
- China once looked tough on trade, but now its options are dwindling