Facebook Inc (NASDAQ:FB) has made its intentions clear to expand the platform in China. The companies aim was to get on board approximately 600 million internet users in China. But the company has to resolve the primary concern, which is lift the ban on Facebook app in the country, which was imposed in 2009. Facebook Inc (NASDAQ:FB)’s CEO, Mark Zuckerberg traveled to China to attend the board meeting in Tsinghua University at Beijing on Wednesday. Zuckerberg attended the meeting following his induction into the management’s advisory board. During his visit at the university, Zuckerberg managed to answer the questions posted to him in Chinese. Bloomberg’s Brendan Greeley reported on this in Bloomberg TV.
Greeley mentioned that Zuckerberg wanted to expand Facebook Inc (NASDAQ:FB)’s influence in China. He talked about Zuckerberg’s intention to learn Chinese for a very long time and he added that Zuckerberg finally manage to learn Chinese. He said that Zuckerberg was able to interact with a forum at Tsinghua University for more than 30 minutes.
“I am glad to come to Beijing. I love this city. My Chinese is poor but I will try to speak in Chinese,” Zuckerberg’s statement before kicking off the Q&A session at Tsinghua University.
Greeley mentioned that Zuckerberg was very comfortable during the session at Beijing. He said that the best line he read in papers was, “While you were all busy looking at Facebook, Mark Zuckerberg was learning Chinese”.
Greeley said that this makes Facebook Inc (NASDAQ:FB)’s very clear that they want to enter the Chinese market. But he added that Chinese Firewall policy has been very solid in supporting the growth of local companies; before any foreign companies could bulge in cannibalize the local companies. Greenley said that Zuckerberg and Facebook is trying to enter the Country with rock solid laws.
It is not an easy to thing to get Chinese pronunciations correct and Zuckerberg should have practiced at home to get it right, but how did he get time to do this?
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.