A Facebook spokesman said the USA tech giant was setting up an "innovation hub" in Zhejiang, eastern China, to allow it to "support Chinese developers, innovators and start ups". Facebook told the Post only that it is "interested in setting up an innovation hub in Zhejiang", which would follow similar efforts in France, Brazil, India and Korea.
Google, whose main services are also blocked in China, has likewise taken steps to expand its presence in China this year.
On Tuesday, a screenshot purporting to be a filing for the entity on China's National Enterprise Credit Information Publicity System website went viral on WeChat and Weibo, before the news crossed over into the English-language realm and was eventually confirmed by a Facebook spokesperson.
Facebook will be opening an "innovation hub" in Hangzhou, according to a company spokeswoman. The news came shortly after Google doodled its way further back into mainland China, where its search and mail operations have also been blocked for nearly a decade. But in last week, it looked like changes in the country.
Amazon Prime Day seen setting new sales record for e-commerce giant
The increasing attraction of Prime Day to online shoppers is demonstrated by the growth in the number of Amazon Prime subscribers. In a press release, Amazon said shoppers could expect over one million deals worldwide, in addition to timed Lightning Deals.
Looking ahead, Facebook, which hasn't commented publicly about the China reversal, could still try to open the hub.
Shares of Facebook fell as much as 24 percent in after-hours trading on Wednesday after the company reported slowing revenue growth amid larger expenses to address concerns over privacy and security of user data.
A company representative clarified that by establishing a company-owned unit in a blocked zone did not reflect that Facebook was modifying its approach towards China. In January, Facebook signed an agreement with Chinese hardware company Xiaomi Corp.to produce a virtual reality headset only for the Chinese market.
China strictly censors foreign news outlets, search engines and social media including content from Twitter Inc (TWTR.N) and Alphabet Inc's Google (GOOGL.O). "Right now, there isn't an intersection". Zhang is listed as the "legal person" for Facebook's subsidiary in China. Last October Zuckerberg met Chinese President Xi Jingping at Tsinghua University business school where both Zuckerberg and Apple CEO Tim Cook are on the advisory board.
- Cohen Tapes Erase Attorney-Client Privilege, 'Indication of a Fraud'
- Fox News hosts react to the Trump-Putin summit
- Are Priyanka Chopra and Nick Jonas already engaged?
- 23 injured as Hawaii volcano eruption hits tour boat
- Ex-head of CIA: Trump should disclose details of conversation with Putin
- Former cricketers bat for Imran Khan to become next Pakistan PM
- Galaxy J2 Core is Samsung’s first Android Go smartphone
- British Open at a glance
- Toronto benefit concert with Demi Lovato cancelled after hospitalization
- Emery respects Ozil's Germany choice, says Arsenal is his 'home'