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)
Facebook, Inc. (Facebook) is engaged in building products to create utility for users, developers, and advertisers. Shares of FB traded higher by 4.52% or $2.59/share to $59.83. In the past year, the shares have traded as low as $22.67 and as high as $72.59. On average, 70776096 shares of FB exchange hands on a given day and today's volume is recorded at 48575488.
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