Commentary: What Western tech firms can learn from LinkedIn’s … – CNA
SINGAPORE: LinkedIn has become one of the latest casualties among Western tech companies operating in China. In May, the professional networking site announced that it will shut down its app in China and eliminate 716 jobs globally.
It was only a matter of time. In 2020, LinkedIn shut down its social network in China, citing a “significantly more challenging operating environment”. Fewer people were using LinkedIn in China compared to competitors such as Maimai and Boss Zhipin, which are more attuned to what Chinese jobseekers want.
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LinkedIn’s story is not atypical for foreign tech giants in China’s fiercely competitive market. Companies like Amazon, Uber, Yahoo, eBay, Google and Airbnb have all failed in China – one way or another.
The difficulties of Western companies setting up shop in China have come under the spotlight amid rising geopolitical tensions. In recent weeks, US venture capital firm Sequoia hived off its Chinese arm, while US consultancies from Mintz…
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source: https://news.oneseocompany.com/2023/06/20/commentary-what-western-tech-firms-can-learn-from-linkedins-cna_2023062046404.html
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