Facebook, Inc. - Facebook Established a Subsidiary Named Lianshu Science & Technology
Time: Wednesday Jul 18, 2018
Place: Hangzhou, Zhejiang, China
Details: On July 18, Facebook established a subsidiary named Lianshu Science & Technology in Hangzhou City, China, with $30 million of capital. All its shares are held by Facebook Hong. Approval of the registration of the subsidiary was then withdrawn, due to a disagreement between officials in Zhejiang province and the Cyberspace Administration of China.
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