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Facebook Strikes China Deal With Baidu

Facebook is a social network in the world of the internet

now turn to the state of China to establish agreement with Facebook CEO Mark Zyckerberg Chinese State, sponsored by by Baidu is one of the biggest CEOs in China who want to open these social networks grow in china. But sources said that the new venture would not involve Facebook.com, which closed in China like a lot more social networking sites, but a website, a new social network owned jointly. It is unclear when the site could be launched: a joint venture need to be approved by the Chinese government and which can be time consuming, and they have to staff it with experienced executives that both parties can agree on.
The sources said that the new venture would not involve Facebook.com, which closed in China like many more social networking sites, but a website, a new social network owned jointly. It is unclear when the site could be launched: a joint venture need to be approved by the Chinese government and which can be time consuming, and they have to staff it with experienced executives that both parties can agree on. According to Western press reports last year, Facebook CEO Mark Zuckerberg to travel to China and met with Baidu CEO Robin Li. Results The deal makes sense for both parties. On the up side, it requires a large local partners to enter the massive Chinese market. While on the side of Baidu, Tencent would be threatened by social networking giant, and perhaps a safer bet to build a social network with one of the most successful social enterprise in the world than trying to build their own.
Update : One source has informed us that there is no real agreement has been signed. To be issued the following statement: "Facebook is currently studying and learning about China, as part of any evaluation of possible approaches that can benefit our users, developers and advertisers

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