Over a year after the Chief Executive Officer of Facebook visited China he is back there again most likely as a result of analyst statement which was “a realistic opportunity” for the company to finally enter the world’s largest internet market by users in 2018. Mark Zuckerberge who is the Chief Executive Officer of Facebook put up a photo of his recent visit to the Chinese students at Tsinghua School of Economics and Management in Beijing.
As Facebook’s service has been forbidden in China almost a decade ago which was in 2009, Mr William Shuai through Linkedln was contacted by Facebook to head a relations with the Chinese Government while has also been secretly testing a photo – sharing App in China and also aims at acquiring a Shanghai office for its fledgeling consumer hardware section, Building 8.
According to the post put up by Facebook’s Chief Executive Officer on Saturday, he stated that he visited China to meet with the Tsinghua School’s advisory board which he has been a member of for about three years since 2014. He said “Every year this trip is a great way to keep up with the pace of innovation and entrepreneurship in China,”. Mr. Mark Zuckerberg has become well learned in the Mandarin language such that he is a proficient speaker of the tongue.
The plan of Facebook’s entry into China has been nurtured by Facebook for years because of its promising benefits of a whole new wide range of users and advertisers at a period when pressure is upon the company to continue proving its growth to investors.
Mr. Mark Zuckerberg who met with major stake holders like China’s propaganda chief and some other of the government leaders during his last trip about a year ago to China, its not clear this time if he plans to still have a meet with government officials and a Facebook spokesperson did not respond to comments concerning a request of Mr. Zuckerberg’s visit schedule.
China is a highly lucrative and challenging region for technology companies such as Facebook and Facebook owned WhatsApp because of the density of internet users in the region. For reasons of a crack down of online censorship Facebook’s operation was banned in China.
Google the Canada based tech giants also noted that its search engine services were pulled out of mainland in China in 2010 because of the China’s almost unrealistic censorship requirements and noticed efforts by the Government to break its users accounts to China.
So one of the proposed ways recorded by The New York Times about a year ago through which Facebook plans to come back into China is to create its own censorship tool with the capability to cover specific posts in particular geographic areas but it is not yet certain if the tool is still being developed.
Therefore the much anticipated opportunity of Facebook’s operation in China is near as Xi Jinping begins the President of China begins a second term in November according to an analyst James Lee with Mizuho who stated that “media scrutiny and sensitivity are much less during an administration’s second term.”
Further citing Mr James Lee, Facebook’s current approach of helping Chinese advertisers sell ads overseas also “appears to be aligned with Chinese government’s policy to globalize local companies,” and could finally lead to the company securing the coveted Internet Content Provider (ICP) license needed to officially do business in China
According to Lee, Facebook’s current approach of helping Chinese advertisers sell ads overseas also “appears to be aligned with Chinese government’s policy to globalize local companies,” and could finally lead to the company securing the coveted Internet Content Provider (ICP) license needed to officially do business in China.