Just about everyone mentions this in a negative kind of way–as if the audience isn’t valuable. Well, there must be some value in the Asian market because Facebook reportedly offered $85 million to buy it’s largest Chinese peer, Zhanzuo.com.

According to the Times…

A spokeswoman told The Times that Jack Zhang, Zhanzuo’s chief executive, and Mark Zuckerberg, the Facebook founder, were acquainted but this did not mean that they intended to reach a deal – for the moment. She added, however, that “there could be more information by the end of the month”.

Can Facebook have the same success in China as it has in the US? MySpace China is trying to get a foothold there, but it’s not an easy task. As we all know–because us western journalists love to point it out–the entire web in China is controlled by a very nervous Chinese government. Ask Google and Yahoo and they’ll tell you the difficulties of operating a business there.

It will be an interesting day, when Facebook China forms its first "Tiananmen Square" group.

(via)

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