Report: China withdraws approval for Facebook subsidiary

Just hours after official approval for a Facebook subsidiary to operate in Hangzhou appeared on a Chinese government website, the approval was withdrawn, reports The New York Times' Paul Mozur, citing a source familiar with the matter.

The bottom line: China has kept Facebook out of the country for a decade, and the abrupt withdrawal of approval indicates that Mark Zuckerberg's quest to crack the Chinese market is still a long shot.