There were speculations earlier this week that Facebook could be entering the Chinese market soon via an M&A or a Joint Venture. It now appears that Facebook may be looking at China as more of a development center for the West rather than as a market opportunity.
A new report from Marbridge Consulting suggests that the world’s largest social networking site may be looking at establishing a gaming development center in China that will develop high quality games for the western market. It is being reported that Facebook makes very little from the sale of virtual goods from third party developers like Zynga who are behind the popular Facebook game, Farmville. By instituting their own social games, Facebook may be cashing in on the highly lucrative social gaming market.
Does that mean the 56,000 Chinese users in Facebook will remain friendless as always?[via Marbridge Consulting]