Meta Platforms gets billions from China without headaches many U.S. companies face there

📆 4/22/2024 10:29 AM
📰 CNBC

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Meta Platforms has benefited from an influx of spending from Chinese advertisers. Its earnings report Wednesday will provide a fresh look at the tailwind.

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The Facebook and Instagram owner got 10% of its overall revenue from China-based advertisers last year, up from 6.35% in 2022, according to the Club holding's annual report.

Founder and CEO of US online social media and social networking service Facebook Mark Zuckerberg reacts upon his arrival for a meeting with European Commission vice-president in charge for Values and Transparency, in Brussels, on February 17, 2020.As many American companies struggle to navigate the world's second-largest economy,

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