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Facebook Strikes Deal to Create New Social Network in China

Facebook is reportedly working with China's largest search engine to create a new, jointly owned social network. The collaboration with Baidu would allow Facebook to get a foothold in the Chinese market while giving Baidu the chance to capitalize on Mark Zuckerberg's network-building expertise. The new site would still need to be approved by Chinese's Internet regulators, who retain final say on pretty much everything. And it definitely wouldn't be able to use the URL, which remains blocked throughout the mainland.

Tags: baidu, business, censorship, china, facebook, MarkZuckerberg, politics, search, SocialNetworking, the+social+network, thesocialnetwork, top, Web