Facebook's application to register a subsidiary in China has been rejected by the foreign ministry

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Foreign Internet companies are welcome to develop in China as long as they abide by China's laws and regulations and comply with China's regulations and regulations, foreign ministry spokesman geng shuang said at a regular press conference today.

Q: it is reported that facebook's application to register a subsidiary in China was rejected yesterday. Why did China refuse the application?

A: we suggest you ask the competent authorities for details.

In response to this principle, I would like to point out that the Internet in China has been developing vigorously in recent years. China has become the largest Internet user market in the world.

Foreign Internet companies are welcome to develop in China as long as they comply with China's laws and regulations and meet the requirements of China's government. Read on: facebook's key performance indicator, "disappointment," could evaporate hundreds of billions of dollars overnight

FaceBook reported second-quarter results after Wednesday, July 26.

· quarterly revenue of $13.23 billion, up 42% from the previous year, below the expected $13.3 billion

· quarterly net profit of $5.1 billion, up 31.1% year on year

· 2.23 billion monthly active users, up 11% year on year, lower than the expected 2.25 billion

· 1.47 billion daily active users, up 11% year on year, lower than the expected 1.48 billion

· earnings per share of $1.74, slightly above expectations of $17.1

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