Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
California Drivers Sue BP, Walmart, 7-Eleven Over Alleged AI Gas Price Fixing 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Trump Requests $11 Billion More in Farm Aid as Rising Costs Pressure U.S. Farmers 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Microsoft is set to shut down the Chinese version of LinkedIn. The Redmond, Washington, headquartered tech company made the announcement on Thursday, Oct. 14.
Microsoft said it will be taking down LinkedIn in China but will launch an app later this year. It was mentioned that the new app would be China-specific, and this seems to be the replacement for the professional networking platform.
It was noted that LinkedIn is the last major American social network that is still operating in the Red Dragon country. Microsoft’s move to pull out LinkedIn comes after the Chinese internet regulator told the latter earlier this year to regulate its content and was given a 30-day deadline.
Based on the reports, the company made the decision as the operating environment in China has become even more challenging after stricter laws were imposed. On top of this, it cited considerable compliance requirements, The Wall Street Journal reported.
As mentioned earlier, Microsoft will introduce a new platform instead, and it is called InJobs that was described as a standalone Chinese job application. This new job search site will not have the social features that LinkedIn has. There will be no social feed where users can share or post articles, and this new app is set to be rolled out later this year.
“Our new strategy for China is to put our focus on helping China-based professionals find jobs in China and Chinese companies find quality candidates,” LinkedIn’s senior vice president of engineering, Mohak Shroff, wrote in a blog post regarding its plans. “We will also continue to work with Chinese businesses to help them create economic opportunities. This decision aligns with our commitment to creating economic opportunity for every member of the global workforce.”
LinkedIn was first established in China in 2014, and the citizens have been using it for building both personal and professional relationships in order to find job opportunities. Although it is known to be a place for finding projects and work positions, it has also become a channel for exchanging news and business developments.
Now, as China started censoring online content and activities, many foreign companies operating in the country were forced to withdraw. LinkedIn is the last foreign platform to leave the country. At any rate, analysts stated that with all the censoring and stricter laws on tech operations, delivering communication and products to China may now become very difficult.
