(Yicai Global) June 5 -- LinkedIn's Chinese arm called Chitu will go offline in less than two months as more people appear to vie for their next jobs via the US firm's English-language counterpart and the Chinese rivals of MaiMai and Zhaopin.Com.
"Chitu was an innovative trial in the Chinese market by LinkedIn, but starting a new business is never easy," the platform said in an open letter to users, announcing the termination date of July 31.
"Chitu failed to find its position in the local market," Beijing News reported, citing an employee who wanted to remain anonymous.
Microsoft acquired LinkedIn for USD26.2 billion in 2016 and the overseas platform's revenue has grown 27 percent in the quarter ended March 31, according to its earnings report.
Editor: Emmi Laine