Facebook Possibly Nuzzling-Up to Prominent Company for Entry into China (BIDU) (SINA)
Tweet
Share
E-mail
Get Alerts BIDU Hot Sheet
Down)Join SI Premium – FREE
Facebook, the world's largest social-networking site, is looking grow a presence in China, a market the company has yet to tap into.
According to TechCrunch, Facebook isn't aiming to directly enter China, rather infiltrate through a series of partnerships with several key players in the country.
TechCrunch cited another blog's source, one prominent Internet business analyst and former journalist who said, "Facebook really is about to enter China, the agreement is signed. A domestic website will work with Facebook to create a new site. This new site is not interlinked with Facebook.com. Will this live or die in China?"
Facebook CEO Mark Zuckerberg took a trip to China last year, meeting with prominent players from Baidu (Nasdaq: BIDU), China Mobile (NYSE: CHL), Alibaba Group, and Sina.com (Nasdaq: SINA).
TechCrunch speculates that Facebook signed its partnership with Sina or Baidu, which would make the most sense to break into the market.
Facebook will also need to compete with websites already setup in the world's largest nation by population, which meet government regulations. Sites include: PengYou, QZone, 51.com, RenRen, and Kaixin001.
According to TechCrunch, Facebook isn't aiming to directly enter China, rather infiltrate through a series of partnerships with several key players in the country.
TechCrunch cited another blog's source, one prominent Internet business analyst and former journalist who said, "Facebook really is about to enter China, the agreement is signed. A domestic website will work with Facebook to create a new site. This new site is not interlinked with Facebook.com. Will this live or die in China?"
Facebook CEO Mark Zuckerberg took a trip to China last year, meeting with prominent players from Baidu (Nasdaq: BIDU), China Mobile (NYSE: CHL), Alibaba Group, and Sina.com (Nasdaq: SINA).
TechCrunch speculates that Facebook signed its partnership with Sina or Baidu, which would make the most sense to break into the market.
Facebook will also need to compete with websites already setup in the world's largest nation by population, which meet government regulations. Sites include: PengYou, QZone, 51.com, RenRen, and Kaixin001.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Korean Air in Talks to Buy at Least 10 Boeing 777X Jets (BA) - Reuters
- Guardant Health (GH) Announces FDA Advisory Panel Review of Shield Blood Test to Screen for Colorectal Cancer to Be Held on May 23
- Mizuho: Top Pick Meta Platforms (META) ad-tracking solid with conservative expectations
Create E-mail Alert Related Categories
Insiders' Blog, RumorsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
