Facebook has fully funded a subsidiary in Hangzhou

Update on July 26: The information regarding Facebook’s registration has been taken down from the site. According to media reports, it is because Facebook hasn’t gained solid approval from the Cyberspace Administration of China. Also, Facebook’s Hangzhou subsidiary was set to be an innovation center that aimed to help the tech community and startups, instead of a social network.

Facebook is getting serious about China.

According to Tianyancha, a database that compiles companies’ public information in China, Facebook set up a subsidiary, Facebook Technology (Hangzhou) Limited, in Hangzhou. The subsidiary is 100% owned by Facebook Hong Kong Limit, with funding of $30 million. Facebook applied for the registration on July 18, according to the site.

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom