Mark Zuckerberg, the Facebook founder has met with Robin Li, the Baidu CEO to create a dedicated social network in China.
As you know facebook is not allowed in China and is blocked by their firewall.
The co-project of the 2 companies will allow facebook to access the huge Chinese market and Baidu will benefit from facebook technology.
The name is not released yet. But it could probably be Censorbook as you could imagine how this chinese version of facebook will be under the control of the Chinese gouvernment...