Facebook has not signed China deal: source

Reuters News
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Posted: Apr 11, 2011 2:39 PM

SAN FRANCISCO (Reuters) - Facebook, the world's No.1 Internet social network, has not signed an agreement with any company in China, according to a source familiar with the matter who declined to be named due to lack of authorization to speak on the subject.

Shares of Baidu Inc, the Chinese Internet company, rose more than 4 percent to $147.93 on Monday.

(Reporting by Alexei Oreskovic; Editing by Phil Berlowitz)