Friday, 8 July 2011

China Looking to Buy a Chunk of Facebook

China trying to buy some Facebook. News has surfaced that a sovereign wealth fund representing the Chinese government wants to buy a substantial amount of Facebook stock. According to anonymous sources who spoke to Business Insider, China wants to own enough of Facebook "to matter."
Is China's interest in Facebook a simply a government-sponsored group of venture capitalists looking to get a piece of the upcoming Facebook IPO or is there something more complicated at work behind the scenes?


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