Interfax China reports that Facebook is in negotiations to buy Chinese social network Tianwang.com. This comes after Facebook denied a Times of London report that it was in negotiations to buy Zhanzuo.com for $85 million, saying that the company was not in talks. In the latest article, Zhanzuo agrees — sort of. A spokesperson tells Interfax "we will not sell out and we have stopped talking with Facebook." Facebook denies acquisition talks were ever started. Maybe Facebook and its Chinese counterparts they were just sharing privacy best practices? In any event, we think all of these deal rumors off the mark. What we hear Facebook is really looking for in Asia is a strategic investor to complete its $500 million financing round — you know, the one for which Microsoft already chipped in $240 million. (Photo by ford)

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