Facebook is building 'innovation hub' in China

IANS  |  San Francisco 

has set up a subsidiary in to build an "hub" focused on helping and entrepreneurs to innovate and grow, the media reported.

Facebook's application for the subsidiary in the province was approved on July 18, CNBC reported on Tuesday citing a filing with the country's National Enterprise Credit Information Publicity System.

"We are interested in setting up an hub in to support Chinese developers, innovators and start-ups," a was quoted as saying.

According to a report in Mashable, the subsidiary is entirely owned by Facebook, meaning it did not have to partner with popular Chinese sites or WeChat to get approval.

has similar hubs in other countries including India, and

As strictly censors foreign and search engines, Facebook's website remains banned in the country. Contents from and also remain blocked in the country.

These strict rules have forced US tech giants to explore new ways to enter the big Chinese market.

Google, which has hundreds of people working in China, recently launched its (AI) lab in the country.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 25 2018. 11:12 IST