Jake JonesFacebook is reportedly opening a subsidiary in China. The company has been trying to break into the Chinese market since being banned in 2009.
The subsidiary won't run the social media site in China, though. A Facebook spokeswoman told news outlets the subsidiary would be an "innovation hub." The goal would be to invest in and support start-ups.
Since Facebook was banned in China, CEO Mark Zuckerberg has made regaining access to the censored Chinese internet a priority. He's learned Mandarin, met with President Xi Jinping and made regular trips to the country over the years.
