BizSugar.com › Products and Services › Facebook, Baidu Reportedly To Set Up China Social Network Site

Facebook reportedly has signed a deal with Baidu (BIDU) to set up a social-networking web site in China. The news was reported by Sohu.com, citing unnamed employees at Baidu, and passed on by Bloomberg.The story notes that the arrangement follows recent meetings in China between Facebook CEO Mark Zuckerberg and Baidu CEO Robin Li. The new site would not be integrated with Facebook’s existing service, and a start date is “not confirmed.”Baidu isn’t commenting. Facebook said it is “currently studying and learning about China, as part of evaluating any possible approaches that could benefit our users, developers and advertisers.”