Facebook has created a subsidiary in China, even though its site is banned in the country (FB)

Ted S. Warren-Pool/Getty Images

• Facebook has created a new subsidiary in China.
• The social network is currently banned in the country, which has strict internet censorship.
• Just last week, CEO Mark Zuckerberg said Facebook is "a long time away from doing anything" in China.
• In a statement, a company spokesperson said Facebook was launching an "innovation hub" to support local developers.

Facebook is dipping its toe in the water in China.

The US social networking giant has set up a subsidiary in China, according to an official business registration, hinting that it may be ramping up its presence in the restrictive country where its social media sites remain blocked.See the rest of the story at Business Insider

NOW WATCH: We interviewed Pepper - the humanoid robot

See Also:

• Facebook was mocked by a bunch of museums for censoring the nudes of a master painter
• These four charts show how Facebook's business is changing thanks to Instagram
• Mark Zuckerberg says Facebook won't ban Holocaust deniers because it wants to give people 'a voice'

SEE ALSO: Instagram is booming, and investors are salivating over Facebook as a result