Facebook sets up subsidiary in China, according to filing

Facebook sets up subsidiary in China, according to filing

5 years ago
Anonymous $hM_jrxqbr-

https://www.cnbc.com/2018/07/24/facebook-sets-up-subsidiary-in-china-according-to-filing.html

Facebook has set up a subsidiary in China with registered capital of $30 million, a filing on China’s National Enterprise Credit Information Publicity System showed.

The filing listed Facebook Hongkong Ltd and no other entities as a shareholder. Facebook’s application for the subsidiary was approved on July 18, according to a filing seen by Reuters on Tuesday, but it was not clear when the filing was published.