NetEase to shutter personal finance app Youqian in further retreat from finance-related services

//NetEase to shutter personal finance app Youqian in further retreat from finance-related services

NetEase to shutter personal finance app Youqian in further retreat from finance-related services

NetEase, one of China’s first-generation tech giants, said it will close its personal finance app Youqian after several years of struggling to find a hit in the personal finance services space. The move marks a further retreat from finance-related services that are now facing increased government scrutiny in China.Youqian, which stopped accepting new premium subscriptions last Wednesday, is primarily a personal financial management tool. It allowed users to connect the app to their bank…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-28T10:29:10+00:00 December 28th, 2020|Technology|Comments Off on NetEase to shutter personal finance app Youqian in further retreat from finance-related services