Why China Wants To Buy Facebook

China Wants to Buy Facebook -- Gordon Chnag, Forbes

On Thursday, Business Insider reported that China is trying to buy “a huge chunk” of Facebook.

According to the business news website, Beijing approached a fund that buys stock from former Facebook employees to see if it could assemble a stake large enough “to matter.” Moreover, Citibank is rumored to be trying to acquire as much as $1.2 billion of stock for two sovereign wealth funds, one from the Middle East and the other Chinese. Business Insider reports a third source, from a “very influential” Silicon Valley investment bank, confirms that Citi is representing China.

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Update: China Wants To Buy A Big Piece Of Facebook -- Business Insider

My Comment: On the day that that a news report is circulated on the impact of social media on enabling and fermenting revolution, it becomes public knowledge that China is interested in buying a piece of Facebook. The intentions of China are clear .... they realize that they cannot influence everyday management decisions and company policies within Facebook .... but what they can do is position themselves to "influence" Facebook policies and future corporate directions when it comes to China. After all .... if you are the management of Facebook and you want to do something in China, why not get the advice from one of your major shareholders.

The reasoning behind this type of arrangement is sound (from a Chinese government perspective) .... for if Google and China had this type of arrangement in the beginning, I doubt that the conflict between the two of them would be as bad as it is today.