will shut down the Chinese version of its service later this year. The company cited “a significantly more challenging operating environment and greater compliance requirements in China” as the reasons for closing the local edition of its social network for professionals. “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,” . As such, the company isn’t abandoning China completely. It’s working on a standalone job board app called InJobs, which won’t have a social feed or any…