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I don't think any foreign Internet company can effectively compete against Chinese companies in the Chinese market. The regulatory environment is so difficult that it's almost impossible for foreigners to have an advantage over locals who have better political connections and who can manipulate the regulatory system much more effectively.

I didn't say Facebook could not enter China, but nor did I say that it could.

It seems pretty clear that the Internet has an important economic role to play for China as it reaches out to the rest of the world.

We help Chinese companies grow their customers abroad. They use Facebook ads to find more customers. For example, Lenovo used Facebook ads to sell its new phone. In China, I also see economic growth. We admire it.

When U.S. commercial interests press the Chinese government to do a better job of policing Chinese websites for pirated content, a blind eye is generally turned to the fact that ensuing crackdowns provide a great excuse to tighten mechanisms to censor all content the Chinese government doesn't like.

If high-tech companies are serious about doing the right thing, they can join together and lobby for more transparency and accountability in the way in which Chinese officialdom deals with Internet services.

In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.

We don't believe the market can be dominated by one company in e-commerce in China - namely Alibaba. The Chinese market is very wide and deep, with a huge population.

There are two kinds of big companies in the United States. There are those who've been hacked by the Chinese, and those who don't know they've been hacked by the Chinese.