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Facebook to Build ‘innovation hub’ in China

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

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Facebook, video chat
LinkedIn faced probe for Facebook ads targeting 18 mn non-members. Pixabay

Facebook has set up a subsidiary in China to build an “innovation hub” focused on helping local developers and entrepreneurs to innovate and grow, the media reported.

Facebook’s application for the China subsidiary in the Zhejiang 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 innovation hub in Zhejiang to support Chinese developers, innovators and start-ups,” a Facebook spokesperson 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 social media sites Weibo or WeChat to get approval.

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Facebook, social media. Pixabay

Facebook has similar hubs in other countries including India, France and Brazil.

As China strictly censors foreign social media and search engines, Facebook’s website remains banned in the country. Contents from Google and Twitter also remain blocked in the country.

Also Read: Facebook Is Planning To Launch It’s Own Satellite ‘ATHENA’

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 Artificial Intelligence (AI) lab in the country. (IANS)

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Social Media Giant Facebook Hiring Experts For its Blockchain Division

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square

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Facebook, data,photos
A television photographer shoots the sign outside of Facebook headquarters in Menlo Park, Calif. VOA

Social-networking giant Facebook is seeking executives to work in its secretive Blockchain division and to work on the company’s own blockchain applications and cryptocurrency.

Facebook has listed 22 vacancies on its Careers page for the division including openings for lead commercial counsel, product manager, finance analyst, data engineer and threat investigator among others.

The listings suggests that Facebook is particularly focused on recruiting experts in marketing, interface design, product management, software engineering, and legal fields concerning Blockchain.

Facebook, data, photos, vietnam
A smartphone user displays a Facebook newsfeed .VOA

The company already has a team of 50 people working discreetly in a secretive corner of its Menlo Park head office, The Next Web reported on Monday.

“If Facebook’s blockchain hiring spree continues, its team could be in the hundreds before the end of the year” the report said.

Also Read- Tech Giant Google Letting Android Users Create Events on Maps

Lately, several companies have been looking to add new streams of revenue to their business models and Blockchain has emerged as a popular choice to boost businesses.

Last week, Twitter CEO Jack Dorsey tweeted that he was hiring Bitcoin developers for his payments company, Square. (IANS)