The World: Beijing - Facebook makes first move to enter Chinese market

Facebook is a step closer to making an entry into the Chinese internet market after reportedly offering £41 million to buy Zhanzuo.com.

The social networking site is one of the largest in China, with an estimated seven million users.

The move would give Facebook a ready-made entry into the largest internet market outside the US, and would be the first time it has employed acquisition as a growth strategy.