Facebook says it may open sales office in China
(Reuters) - Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.
While Vaughan Smith, Facebook's vice president of corporate development, told Reuters it was exploring ways to provide even more support locally, he did not comment on how soon it plans to be in China.
Facebook currently has a Hong Kong sales office with a staff of 30 to 40 people who deal with advertisers locally and in mainland China, where its services are blocked. The sales office would, for the first time, put Facebook employees inside mainland China.
Bloomberg on Monday reported that Facebook could open an office in China within a year, citing a person familiar with the matter. (r.reuters.com/vag39v)
The world's largest social networking company is in talks to lease space in the Fortune Financial Center in Beijing's central business district, Bloomberg said.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.