Facebook Inc (NASDAQ:FB) is growing signficantly in China even though the site was banned by Chinese government in 2009. The social media giant’s vice president Vaughn Smith recently spoke at GMIC Beijing about his company’s growth.
Smith talks about Facebook
He summed up the matter, “We have a rapidly growing business in China helping people that are exporting — exporters from China reaching customers around the world. We have 1.3 billion people on Facebook Inc (NASDAQ:FB) and it turns out that marketing to those people from China works really well. We also have thousands of developers that are growing their businesses using Facebook to reach customers outside of China.”
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Smith added that the company is still very involved in China as his company helps China-based firms reach out to audiences outside the market. This value goes far beyond social media. One Chinese company the social giant loves working with is FunPlus, primarily because one particular game features the highest retention rate of all Facebook games. FunPlus is behind Fantasy Slots, Royal Story, and Family Farm.
Social media helps people connect
He also talked about how Facebook Inc (NASDAQ:FB) is one key reason people use their phones to get online. He also mentioned how the company’s recent acquisitions of WhatsApp will play a valuable role. He added, “It turns out if you look at what the number one application is in most countries around the world, the number one app is either WhatsApp or Facebook. So we feel like together we can be even more successful connecting the next five billion people and giving people more reasons to try the Internet.”
The company’s significant growth in China can only mean good things for the social media leader. It’s important for Mark Zuckerberg’s company to corner all markets if it wants to remain in the lead. Only time will tell if this takes it further in the lead.