Facebook Inc plans to open a sales office in China to work with local advertisers, Bloomberg reported, citing people familiar with the matter. 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, citing the sources.Facebook could open an office in China within a year, a person familiar with the matter said. (r.reuters.com/vag39v)Facebook could not be immediately reached for comment outside of U.S. business hours.The sales office would put, for the first time, Facebook employees inside mainland China, where its services are blocked. Facebook has a sales office in Hong Kong.
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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