Boston, MA 09/12/2014 (wallstreetpr) – China has so far adopted the shut-eyes policy for the Internet industry, but LinkedIn Corp (NYSE:LNKD) might help it clear the dust and see beyond blocking. The Internet regulators in China have blocked access to major U.S. social networking sites like Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and YoutTube of Google Inc (NASDAQ:GOOGL). But at the recent World Economic Forum that took place in Tianjin, the China President of LinkedIn Corp (NYSE:LNKD), Derek Shen said that China should adapt “open-door policy” for development of its Web Industry.
Ban On Facebook and Twitter Affects Businesses in China
Facebook Inc (NASDAQ:FB), Twitter and YouTube have no longer remained just the fun-sites for people. It is quite evident that social media has developed into a fully-fledged tool of advertising for businesses, whether offline or online.
An executive from Facebook also said recently that consumers in China constantly request for Facebook access and its services. The Vice President at Facebook’s Corporate Development unit, Vaughan Smith said at the conference that it is often being questioned as to when Facebook Inc (NASDAQ:FB) is making an entry into China. But, the Minister of Cyberspace Administration in China, Lu Wei made it clear that the Government was not thinking of giving access to Facebook any time soon.
LinkedIn’s Appeal to China for Letting U.S. Social Media In
Mr. Shen said at the conference that their company hoped China to have open heart so as to allow foreign companies in their country. He also added that China needed to have a liberal regulatory environment so as to give more access to international companies, if it wanted to develop the Internet industry.
As of now, the only U.S.-based company active in China is LinkedIn Corp (NYSE:LNKD) that kicked off Chinese-language networking website in the month of February 2014. It became the country’s biggest U.S.-social networking site there. As of May 2014, the site had 5 million users in China.
However, it must be noted that stringent censorship policy in China, in context with the social media affects the service users at other places. For instance, if a user shares or posts something that does not abide by the rules of Government, that particular content is blocked internationally. LinkedIn Corp (NYSE:LNKD) had announced that it would change its policy.