 "Microsoft shutting down LinkedIn in China amid censorship rules")
Microsoft is shutting down its LinkedIn service in China later this year after censorship rules were tightened by Beijing.
The company said in a blog post Thursday it has faced a significantly more challenging operating environment and greater compliance requirements in China.
LinkedIn will replace its localized platform in China with a new app called InJobs that has some of LinkedIn's career-networking features but will not include a social feed or the ability to share posts or articles.
China's internet watchdog in May said it had found LinkedIn as well as Microsoft's Bign search engine and about 100 other apps were engaged in improper collection and use of data and ordered them to fix the problem.
In 2014, LinkedIn launched a site in simplified Chinese, the written characters used on the mainland, to expand its reach in the country. It said at the time that expanding in China raises difficult questions because it will be required to censor content, but that it would be clear about how it conducts business in China and undertake extensive measures to protect members' rights and data.
Microsoft bought LinkedIn in 2016.
China’s factory inflation at 26-year high
China’s factory-gate prices grew at the fastest pace in almost 26 years in September, potentially adding to global inflation pressure if local businesses start passing on higher costs to consumers. The producer price index climbed 10.7 per cent from a year earlier, beating forecasts and reaching the highest since November 1995, as coal prices and other commodity costs soared, data showed Thursday. Moreover, China’s growth was seen slowing to 5.5 per cent in 2022 in Reuters poll. (Agencies)
Beijing all set to slash fuel exportsChina is set to slash fuel exports as it keeps more supplies for domestic use amid a power crisis stemming from coal shortages. Premier Li Keqiang vowed to ensure power supplies for factories, in the Chinese government’s latest effort to ease worries about the energy crisis. (Agencies)