Business networking site LinkedIn has signed an agreement with the Municipal Government of Shanghai to establish its regional headquarters in the city.

商业网站LinkedIn与上海市政府签署一项协议，该网站将在上海建立其区域总部。

As part of the deal, LinkedIn has promised to create a special "Shanghai Microsite".

The company is also promising¹ to develop a recruitment strategy for the Shanghai Technology Innovation Center.

LinkedIn vice-President Yu Zhiwei says they believe their new agreement with LinkedIn is going to create new opportunities. 

Close to 400 foreign-funded firms have research and development centers in Shanghai. 

LinkedIn has been developed as a business-based web program which allows users to contact prospective² employers or employees.

However, its popularity has dwindled³ in recent years.