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Meta's ad rebound gets huge assist from China even though its services are banned there
Meta finance chief Susan Li told analysts on Wednesday that Chinese companies played a major role in the third quarter in driving revenue growth
www.cnbc.com
KEY POINTS
Meta may be banned from operating in China, but the company is counting on advertisers there to boost its growth.
Finance chief Susan Li told analysts on Wednesday’s earnings call that Chinese companies played a major role this quarter.
Online commerce and gaming “benefited from spend among advertisers in China reaching customers in other markets,” Li said.