Facebook may be close to striking deal with Baidu, the largest search engine in China, jointly social and open network in China, according to Chinese press reports, citing inside sources.
These sources said the new venture would not involve Facebook.com, which is blocked in China, like many other social networking sites, but a property, the new social networking site. It is unclear when the plant could run: joint ventures must be approved by the Chinese government and it may take some time, and staff with experienced leaders that both parties can agree.
It is reported that in the Western press, but this is the first concrete thing we've seen. Last year, Facebook CEO Mark Zuckerberg has traveled to China and met with Baidu CEO Robin Li.
A lot of sense for both parties. Facebook side, is a great local partner to enter the large Chinese market. part of Baidu, Tencent threatens the social networking giant and could be a safer bet to build a social network, where one of the most successful social enterprises in the world who groped to build your own.
Update: Sources have told us that not much has actually been achieved. Facebook issued the following statement: "Facebook is currently studying and learning as part of China to assess the possible situations that may benefit our users, developers and advertisers."