Two Takes Balanced

Facebook is reportedly looking to open a sales office in China

via Bloomberg

2 min read

May 14, 2014

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TECHi's Analysis

98 words

Carl Durrek

Facebook is reportedly looking to set up a sales office in China even though access to the social media site remains blocked in the country. The U.S. company plans to open the office within a year so it can work with local companies keen to advertise on a global platform, reported Bloomberg, which cited sources familiar with the issue. It added that Facebook was in discussions to rent office space in Fortune Financial Center, located in Beijing’s central business district, but remained undecided on whether to hire full-time staff or contractors to support the sales office.

Bloomberg's Report

149 words

Facebook Inc. (FB) is taking steps to open a sales office in China to work with local advertisers, according to people with knowledge of the matter, in a move that would put the social network’s employees in the country for the first time, even as its service remains censored there. Facebook could open an office in China within a year to serve a growing set of customers in the country, said a person with knowledge of the situation, who asked not to be identified because the information is private. Facebook is in discussions to lease space in Beijing’s Fortune Financial Center, located in the city’s central business district, according to other people familiar with the matter. The company hasn’t decided whether to hire contractors or full-time employees for a sales office, which would require an operating license, said another person with knowledge of the situation.

TECHi's Verdict: Balanced

TECHi weighs both sides before reaching a conclusion.

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