Tomahawk, WI 05/17/2014 (Basicsmedia) – Facebook Inc (NASDAQ:FB) on May 13, 2014 disclosed about its plans to open Facebook sales office in China. The aim of opening the sales office is to involve local advertising companies, which in turn will allow Facebook to employ the company workers in China for the very first time.
Expected time of commencement of sales office
It is estimated that the sales office of Facebook Inc (NASDAQ:FB) in China could come up within one year. This action is aimed at catering to those customers in China which are already attracted towards Facebook.
The company is already holding negotiations and discussions for getting a space on lease in the Fortune Financial Center of Beijing, which is said to be the hub of businesses in the city. Facebook, however, has not yet decided whether the contractors or even the full-time employees would be hired for this sales office or not because doing so would make it mandatory for Facebook to have operating license.
China Sales Office- A Crucial and Calculative Move
Facebook Inc (NASDAQ:FB) sales office in China’s business hub is said to be a very tactical and crucial move on the part of the company simply because China is a very lucrative market for Facebook, but its potential is still uncaptured. The Government of China banned the social networking services of Facebook in the year 2009. However, it is believed that Facebook still managed to attract a few businesses in Hong Kong for selling their ads to the international users using the social networking service.
In this context, the Vice President of Facebook Vaughan Smith admits that at present the sales team of Facebook in Hong Kong support a few businesses in China. However because of very fast growth of these few businesses which make use of Facebook Inc (NASDAQ:FB), the company is also exploring certain other ways of providing them support through their local markets and so, the decision of sales office in the country was pondered upon.