Homepage / Technology / The executive in charge of Facebook’s efforts to court China has left the company
Google and Facebook are watching our every move online. It's time to make them stop Daymond John tells shy airline passenger: You should have talked to me on the plane South Korea says it has no plans to shut down cryptocurrency trading AMD shares surge as Wall Street analysts say the chipmaker is ‘executing on all fronts’ James Altucher, the face of bitcoin, says he’s happy about Facebook’s cryptocurrency ad ban Pending home sales eke out 0.5 percent gain in December as supply shrinks to record low Uber is testing bike sharing in San Francisco The real source of the internet's problems might be the advertising business Game publisher EA's sales forecast tops estimates, sending shares higher GE will likely be dropped from the Dow, Deutsche Bank predicts Samsung surpasses Intel as world's biggest chipmaker for the first time Apple could be the best of the bunch in this tech earnings avalanche The 9-year stock rally still has 'years left,' says one of Wall Street's most bullish strategists Apple: We would never degrade the iPhone experience to get users to buy new phones Bitcoin headed for biggest monthly drop since January 2015 with nearly $60 billion of value wiped off ADP boosts forecast as new tax law spurs demand China 'will open even wider to the UK,' says Prime Minister Li Keqiang Big market swings are something you’re going to have to get used to, says Wells Fargo The dollar keeps weakening. Is that good news for the world? Apple downgraded by BMO, expects iPhone maker to slash revenue forecast this week SoftBank buys majority stake in Japanese messaging giant Line’s mobile division Rising interest rates cause a 2.6% pullback in weekly mortgage applications Trump's State of the Union address 'less hard' than first feared in Asia Trump vows to protect US intellectual property, without naming China Blockchain technology to boost Microsoft earnings, trader says Fujifilm to take over Xerox and combine it into the joint venture Fuji Xerox Samsung is making chips designed to mine cryptocurrencies like bitcoin There’s a risk of market turbulence, but it’s unlikely to hit until 2019, says Santander chairman We'll see up to a 15 percent correction in 2018, Swiss bank CEO says Japan's biggest messaging app Line is planning to launch a cryptocurrency exchange Quicksilver surfwear CEO missing at sea off the coast of France Venezuela says will pre-sell 'petro' cryptocurrency on Feb. 20 Nintendo ups its Switch sales expectations to 15 million units after profits rise 261% European markets seen mixed amid earnings and economic data The UK wants free trade with China. Beijing has its own goals Santander fourth-quarter net profit down 4 percent on US impairments The man who almost became ambassador to South Korea just warned about US plans for North Korea China's Leshi Internet flags $1.8 billion loss for 2017, citing conglomerate cash crunch South Korea says it uncovered about $600 million in cryptocurrency crimes Asia became less democratic in 2017 Al Gore's investment firm backs start-up created by Facebook co-founder Theresa May says she wants a free trade deal with China Chinese manufacturing weaker than expected in January Webpass is leaving Boston in latest sign of Google Fiber’s shrinking ambitions Samsung posts record fourth-quarter profit Asian shares look set for more declines as Wall Street sells off for a second day Don't count insurers out yet after Amazon-Berkshire-JP Morgan move Amazon's health care move could be a big win for consumer health start-ups Red Hat buys CoreOS, a start-up that sold tech developed by Google Here’s what Amazon told employees today about its landmark deal to deliver better health care Top official resigns after false missile alert in Hawaii Crazy odds: These online traders bet on the chaos of Washington and the Trump administration AMD falls despite beating Q4 estimates Facebook ban on bitcoin ads latest in very bad day for cryptocurrencies Indian man dies after being sucked into an MRI machine while carrying an oxygen cylinder Advice for Jeff Bezos, Warren Buffett and Jamie Dimon from a failed effort to control health costs Toys R Us poor holiday sales cast doubts on its future and could force renegotiation of loan terms The Apple sell-off is a buying opportunity into earnings, says trader Google partnership on mobile cloud services drives up MobileIron shares Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs Amazon's moves in health care over the last year are finally starting to make sense Buffett is getting a second chance to partner with Bezos after missing on Amazon as an investment How Pencils of Promise got a $1 million donation from an anonymous bitcoin multi-millionaire Amazon's home devices could be a key to cheaper health care, tech investor Roger McNamee says Two ex-Google engineers built an entirely different kind of self-driving car Cryptocurrencies join the global financial market sell-off as bitcoin drops 7% A travel agent is trying to charge fees for sunbeds Most of the tax cut windfall will boost buybacks and dividends, not workers' pockets, survey predicts The professor who wrote the book on making addictive technology is having second thoughts Trump's immigration policies are 'economic poison' that will cost taxpayers billions Airbnb trolls President Trump ahead of the State of the Union The iPhone X's $1,000 price tag scared everyone away Drop, a rewards app start-up, snags Airbnb's former head of engineering SEC halts one of the largest 'ICOs' ever as it wades deeper into the murky world of cryptocurrency offerings Passing on sanctions, Trump goes even softer on Russia than expected Buy insurers on dip as new initiative from Amazon, Berkshire and JP Morgan is ‘more bark than bite’: Analyst High schools stock up on Narcan to combat teen opioid crisis in US Apple will finally replace the fax machine in health care Apple is reportedly delaying new iOS features until next year because of quality problems Bond expert predicts a ‘wall of buying’ in Treasurys will protect the stock market Home prices surge to new high, up 6.2% in November Noted tech investor says the sector is not the best place to invest right now Sterling predicted to hit pre-Brexit vote level before the end of 2018 Stocks making the biggest moves premarket: AMZN, BRKB, JPM, AAPL, BX, TSLA & more Bitcoin boom to give AMD earnings a boost, says MKM Partners Apple shares fall again on another report of fading iPhone X demand Trump advisor Cohn: President to focus on $1.5 trillion infrastructure plan in State of the Union Why don't foreign investors take fright more often? The dollar is doing something it hasn’t done since 1987 UnitedHealth, CVS plunge on Bezos, Buffett and Dimon plan to improve U.S. health care Amazon, Berkshire and JPMorgan Chase to team in landmark new health care company Can earnings afford to slow down? 'Enemies of the USA': Russia slams America's list of oligarchs with ties to Putin The app that exposed the location of military bases with a heat map is reviewing its features For his next act, former Amex CEO Ken Chenault turns his focus on Silicon Valley Child experts: Just say ‘no’ to Facebook’s kids app Ryanair agrees to recognize British pilots union for first time Arab states are 'determined' to stick with reforms despite deepening 'frustration', IMF says The US 'oligarch list' is strikingly similar to Forbes’ richest Russians ranking Indian ride-hailing firm Ola expands to Australia to take on Uber

Technology

The executive in charge of Facebook’s efforts to court China has left the company

The executive in charge of Facebook’s efforts to court China has left the company, a fresh setback for the social network as it seeks to get its products into China’s huge internet market.

Wang-Li Moser, who as Facebook’s lead liaison with Beijing had become a symbol of its ambitions in the country, resigned in December, according to two people familiar with the matter.

Ms. Moser had been brought in from Intel to professionalize Facebook’s efforts to court China’s government. Her job was a tough one. She set up and presided over negotiations between China’s most powerful officials and a social network that many of them believed could be dangerously destabilizing.

She also had to manage broader trade and security frictions between China and the United States. China blocks Facebook and most other major American internet companies, fearing the products could be used to undermine the government. Google, Twitter and Snapchat are all inaccessible within China. Apple and Amazon have been forced to use local partners to offer cloud services.

During her roughly three-year tenure, Ms. Moser worked behind the scenes as Facebook waged a charm campaign to get back into the country. As part of those efforts, Facebook’s founder, Mark Zuckerberg, showed off his Mandarin, did a promotional jog through a polluted Tiananmen Square and dined with President Xi Jinping.

Ms. Moser’s departure, after she failed to achieve any major breakthrough in China, underscores the challenges, and setbacks, Facebook has faced as it seeks to gain entry to one of the world’s largest — and most closed off — internet markets.

More from The New York Times:

Along with Mr. Zuckerberg’s high-profile appearances in China, Facebook has quietly tried numerous other strategies to gain access. The company worked internally on a tool that would allow targeted censorship, even as some employees quit over the project. The tool has thus far not been used.

Last year, Facebook took the novel approach of releasing an app in China without putting its name to the product. Called Colorful Balloons, the app is an almost exact copy of Facebook’s own photo-sharing app Moments. Considered a sort of trial balloon to better understand the market, the app was introduced anonymously by Facebook through a separate company. It appears to be no longer available in app stores in China.

Stepping into the role of government liaison will be William Shuai, a former government relations executive at the Chinese search engine Baidu and the American social network LinkedIn. Before holding those positions, Mr. Shuai was briefly a low-level official in the Chinese government.

For Facebook, which declined to comment on Ms. Moser’s departure, getting into China remains a major priority. China is Facebook’s largest market for ad spending in Asia, even though it is blocked in the country. Chinese companies, local governments and the state news media all use advertising on Facebook as a way to reach beyond Chinese borders.

As has generally been the case for Facebook, at the moment there are both signs of progress and problems for the company efforts to enter China.

Facebook has been quietly scouting Shanghai for an office and late last year Mr. Zuckerberg was among several executives who met President Xi shortly after China’s leaders held the 19th Communist Party Congress.

But in the lead-up to the party congress, Chinese censors blocked the company’s last major viable product in China, WhatsApp. The chat app remains mostly unusable in the country.

Carolyn Zhang contributed research from Shanghai.

Source: Tech CNBC
The executive in charge of Facebook’s efforts to court China has left the company

Comments are closed.