Facebook sets up subsidiary in China



BEIJING: Facebook has set up a subsidiary in China with registered capital of $30 million, a filing on China’s National Enterprise Credit Information Publicity System showed.


The filing listed Facebook Hongkong Ltd and no other entities as a shareholder. Facebook’s application for the subsidiary was approved on July 18, according to a filing seen by Reuters on Tuesday, but it was not clear when the filing was published.


The subsidiary’s operations will include network information technology development and related services, investment consultancy and marketing planning, the filing said without elaborating further.

Comments

Post a Comment

Popular posts from this blog

Facebook, Instagram to introduce time-management tools

Image
                                     Paris -Do you worry that you, or your children, spend too much time on social media? Facebook and Instagram on Wednesday said they want to help you take control. In a statement, the social media giants -- which are both owned by Facebook -- announced "new tools to help people manage their time" spent on the platforms. Among the tools are a way to limit notifications, and a dashboard that allows users to keep track of how much time they have spent on the platforms. "We want the time people spend on Instagram and Facebook to be intentional, positive and inspiring," the statement said. "Our hope is that these tools give people more control over the time they spend on our platforms and also foster conversations between parents and teens about the online habits that are right for them," it added. Facebook said it was introducin...
Read more

8 things we love about Samsung’s 2019 TV line-up

Image
Samsung announced their 2019 line of televisions earlier this week at a special event held in Karachi. As the number one world leader in television sales for the last 13 years, expectations are high for Samsung’s 2019 QLED line. Indeed, to this end, Roy Chang, Managing Director of Samsung Pakistan highlighted the effort put into ensuring “the best viewing experience ever”, through cutting-edge innovation and an emphasis on intelligent, but stylish design. Here are 8 things we’re looking forward to from their new line-up: 1. A TV that thinks for itself Driving the new television is Samsung’s state-of-the-art Quantum Processor, which allows for the deployment of advanced Artificial Intelligence (AI) technologies. In addition to using this to recommend content based on your viewing history, this AI technology is also being deployed in real-time to improve the viewing experience by adjusting picture quality, sound, brightness, contrast and a host of other feature...
Read more

AI better at finding Skin Cancer than Doctors

Image
A computer was better than human dermatologists at detecting skin cancer in a study that pitted human against machine in the quest for better, faster diagnostics, researchers said Tuesday. A team from Germany, the United States and France taught an artificial intelligence system to distinguish dangerous skin lesions from benign ones, showing it more than 100,000 images. The machine -- a deep learning convolutional neural network or CNN -- was then tested against 58 dermatologists from 17 countries, shown photos of malignant melanomas and benign moles. Just over half the dermatologists were at "expert" level with more than five years of experience, 19 percent had between two and five years´ experience, and 29 percent were beginners with less than two years under their belt. "Most dermatologists were outperformed by the CNN," the research team wrote in a paper published in the journal Annals of Oncology. On average, flesh and blood dermatolo...
Read more