Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg are in disagreement about getting Facebook into China. Facebook COO Sheryl Sandberg is “wary about he compromises the company would need to make to do businesses in China,” wrote Bloomberg’s Brad Stone in a profile of Sandberg.
However Zuckerberg believes that Facebook can be an agent of change in China. Nothing is decided yet about whether Facebook will enter China as the company has a long term perspective on it.
While Facebook is mulling over the decision, their Chinese competitor Renren is the most used social network in the Asian country. As a matter of fact, Renren recently had an IPO and is now valued at about $5.16 billion on the U.S. stock exchange.