LinkedIn Corp. (LNKD) said China needs to create a more tolerant regulatory environment and give access to overseas companies in order to better develop its Internet industry.
“We hope an open-door policy can be maintained so that it’s favorable for foreign companies to come to China,” Derek Shen, LinkedIn’s China president, told the World Economic Forumconference in Tianjin, speaking in Mandarin.
LinkedIn started a Chinese-language professional networking site in February and is the biggest U.S. social-media company active in the nation. Internet regulators there block access to other U.S.-based social sites, including those of Facebook Inc. (FB), Google Inc. (GOOG)’s YouTube and Twitter Inc. (TWTR)
LinkedIn is “doing well” in China and had 5 million users there as of May, Shen said in an interview after his speech. He declined to say how the censorship policies mandated by China affect service users elsewhere.
When a LinkedIn user in China shares a post deemed to be in conflict with the government’s rules, the company blocks the content globally. The company said this month it is considering changing that policy. Shen declined to elaborate.
“We will focus on making sure users have the best experience,” Shen told Bloomberg News. “I can’t comment on censorship policies.”
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