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