According to CNBC Beijing September 20 reported that local time on Monday, Mizuho Group reported that Facebook to enter the Chinese market may soon come, it has taken some strategic measures for this. "We are meeting with all walks of life in our recent visit to China," said Fang Fang, general manager of the US research department at Mizuho Group, and James Fang and vice president Wei Fang. , Facebook next year will usher in the real opportunity to enter China. & rdquo;
Facebook did not comment on this. Tuesday, Facebook shares rose about 1%, more than the US stock market.
Mizuho Group reported that "Google has been in similar circumstances in China to obtain business ICP license. I think that cross-border Internet companies such as LinkedIn and Airbnb have recently been allowed to enter the Chinese market, a sign that China is more open to Internet companies, and that Chinese companies can enter the overseas market through advertising and help promote economic growth through tourism. & rdquo;
In the second quarter of this year, Facebook's monthly active users reached 2 billion, but it did not comply with China's relevant laws and regulations, the past 8 years did not carry out business in the Chinese market. China Internet Information Center reported in January that China's Internet users reached 731 million, the penetration rate increased to 53.2%.
China Internet Information Center and China Ministry of Industry and Industry did not comment on this.
Over the past few months, Facebook has been doing business in China for some preparatory work.
Mizuho Group analysts pointed out that Facebook recently hired a government affairs executive, the executives have helped to get the British in China to carry out the Internet business needs of the license.
"New York Times" earlier this month quoted two news sources, said Facebook is seeking office in Shanghai. At the end of 2015, Facebook was not able to set up an office in Beijing, despite its permission.
Facebook spokesman said in a statement, "we have been the attitude is that we are interested in the Chinese market, spend time in different ways to understand China." & rdquo;
Mizuho Group analysts estimate that Chinese advertisers contribute more than $ 1 billion a year to Facebook, or about 4 percent of their total revenue.
At present, Facebook can well comply with relevant Chinese laws and regulations, to enter the Chinese market is uncertain. Mizuho Group said in the report, we believe that Instagram or virtual reality, is the most likely to enter the Chinese market, Facebook products. & rdquo;