LinkedIn announced on Thursday that it will shut down its localized Chinese app later this year, and roll out a new "InJobs" app designed for the Chinese market.

The career networking platform announced that the new app would serve as a portal to list and apply for jobs but the "social media" feature would be abandoned, such as social feed or post sharing.

"While we've found success in helping Chinese members find jobs and economic opportunity, we have not found that same level of success in the more social aspects of sharing and staying informed," Mohak Shroff, senior vice president of LinkedIn, wrote in a statement.

The company also cited a challenging operating environment and greater compliance requirements among the reasons for its decision.

"LinkedIn China will make some adjustments on product and business strategy. The company has not reduced its investment in China, but will increase it," said Lu Jian, president of LinkedIn China in a social media post.

The company will not reduce its staff or leave China, he said in response to speculation about the announcement.

LinkedIn suspended new user sign-ups in China for a month earlier this year to check the company's service compliance with local law.

The company launched its app in China in 2014. It had 53 million users in the market by July 2021, making up 7 percent of its total users.