Eunice Yoon joins The Change from Beijing, the place she studies on a brand new privateness legislation that is driving sure shares down. Moreover, she discusses the impact of Microsoft pulling Linkedin out of China. For entry to dwell and unique video from CNBC subscribe to CNBC PRO:
Microsoft introduced Thursday it’s going to shut down its native model of LinkedIn in China because the nation continues to increase its censorship of the web.
LinkedIn was the final main U.S. social community nonetheless working in China, which has among the strictest censorship guidelines. Social media platforms and web sites like Twitter and Fb have been blocked for greater than a decade within the nation, whereas Google determined to shutter operations in 2010.
Microsoft mentioned it will shut down LinkedIn as a consequence of a “considerably tougher working atmosphere and better compliance necessities in China.” As an alternative, Microsoft will launch a job search website in China that doesn’t have LinkedIn’s social media options.
The information comes after a Chinese language web regulator informed LinkedIn in March to raised reasonable its content material and gave it a 30-day deadline, The Wall Avenue Journal reported Thursday.
Final month, LinkedIn blocked a number of U.S. journalists in China, citing “prohibited content material” of their profiles. The profiles of teachers and researchers have additionally been reportedly blocked on the platform in China in latest months.
LinkedIn launched in China in 2014 with restricted options designed to stick to stricter web legal guidelines within the nation. The brand new website, known as InJobs, won’t embrace a social feed or permit customers to share posts or articles.
Information from analysis agency Statista means that China is LinkedIn’s third-largest market. In July, Microsoft CEO Satya Nadella mentioned LinkedIn contributes about $10 billion in annual income. Microsoft acquired LinkedIn in 2016 for $26.2 billion.
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China will find out how much power it does not have !!!!
Everything in this world is a plan!!!!! No coincidences at all, humans are slaves. When your parents signed your birth certificate, they signed ownership of you to the state!!!!!!!!! Wake up human!!!!!!!!!!!
Plandemic is a major Plan! No coincidences here on Earth. Earth is run by non=human entities. When you eat a piece of chicken do you think about the chickens family? No! That is the way these entities think of you! Take your shot and be a good boy or girl. Fools!
Plants are real medicine and your medicine is severely depleted and contaminated with poisons. Wake up!
Meanwhile linkedin is sleeping on cushion in the Indian market. Someone dare MS to pull out.
ETHEREUM SHOULD RISE TO 25000$. SELL BITCOINS AND INVEST IN ETHEREUM…
⌛⏳
We should ban TikTok then
why pretend as if anybody can hide, a nerd can hack every device you ever used and film every fart
WHY LINKEDIN & BING LEFT CHINA?THE GREAT FIREWALL OF CHINA IN 2021.
https://youtu.be/HYQLsPOgSAc
WHY LINKEDIN & BING LEFT CHINA?THE GREAT FIREWALL OF CHINA IN 2021.
https://youtu.be/HYQLsPOgSAc
🤔🤔🤔. When facebook and twitter is more powerful than President of US….
the post ww2 world is on shacky ground
And yet nobody come out and express opinon what's the purpose in all of this for ccp? China ban this ban that but why?
Yall better get that reported out of china. Did you notice how nervous she was and how scared she looked
Time for the Chinese people to rise up and resign the CCP to the history books.
Billions and billions of dollars are being wiped out from US hedge funds and banks exposure to China not to mention the retail investor. If you can't see it then bad luck. Evergrande was the Bear Stearns moment for financial markets not Lehman I believe.
To understand China, first one needs to learn Chinese so that the info you receive is not limited to English.
这个驻北京的记者长得真他妈吓人,跟个黑铁塔似的。
Chyyna virus.
She is still around?
Western media smear campaign. US has been cracking down on for tech for the last 5 years
"the party's mouthpiece" YES! thank you for stating the obvious. actually very rare these days.
Waiting for China to screw Tesla so I can pick up shares cheaper
As others have said China's toxic CCP is just sleepwalking into disaster. They just don't seem to understand that every time they try and crush dissent and remove freedoms they actually recruit more opposition to their regime. Sooner or later the oppressed population will realise they have nothing to lose and annihilate their oppressors. It can't come soon enough.
Linkedfkin
China has regulations and linkedIn didn't think it was worthwhile to continue there with only 15 million subscribers in 7 years. Wasn't China's decision, it was up to Microsoft.
Really, China is going to have tougher privacy law than here in the US 🇺🇸
What heck
Eunice Yoon joins The Exchange room. Stocks and bonds? coming soon.
LinkedIn is leaving China not because of the crackdown but the low subscriber base making it not viable.The Chinese have plenty of choices and LinkedIn being in English will never be able to attract the majority of Chinese who do not use the language.
LinkedIn and other social media regularly collect and sell their users' private data. With the China's new privacy law, they can't do that anymore with impunity. That's why LinkedIn left China.
It had nothing to do with China you bunch of Liars!!!
Linkedin in mainland China is so weak and uncompetitive that no doubt it can not survive any longer.
Insidious use of words? Why are ESGs and CSRs called "crackdowns" when applied in China? A crackdown is what Huawei is facing in the US being accused of something they "might" do? "thought crimes" with no evidence to substantiate any claims, where their CFO gets detained for 3yrs in a 3rd country for alleged "fraud" in her own country where no one suffered any financial loss… And the government of her country says no crime was committed.
TAKE THE PAIN FROM US AND SEND IT THERE SECURE AND CONTAIN
I LOVE THE US AND HONG KONG
good step, every country should force american companies to store data locally as they coordinates with NSA under PRISM to allow snooping.
1am in Beijing Respect
Cnbc demoncra month piece
Does CNBC know how ignorant their reporting is? Either they’re just horribly illy informed or they’re an arm of US government propaganda.
Everything you do, China takes it up another level.
Be prepared before the camera comes on
I see no reason why people keep fluctuating financially. Being rich has it principle, no one is ready to Invest there money in irrelevant firms.
I earn even in pandemic period.
You don't have to grow old before making investment. Even as a student you can earn weekly in crypto trading. The world today is advancing no one is ready to suffer, but want more stream of income..I'll advice those who are really serious to look for a good broker and invest with..