Yahoo pulls out of China amid 'challenging' environment

Yahoo is the second large U.S. technology firm in recent weeks to reduce its operations in China. Last month, Microsoft's professional networking platform LinkedIn said it would shutter its Chinese site, replacing it with a jobs board instead.

Yahoo is latest foreign tech firm to leave China, cites 'challenging' environment
Yahoo Inc. on Tuesday said it plans to pull out of China, citing an "increasingly challenging business and legal environment."

The company said in a statement that its services will no longer be accessible from mainland China as of Nov. 1.

"Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support," the statement read.


Yahoo is the second large U.S. technology firm in recent weeks to reduce its operations in China. Last month, Microsoft's professional networking platform LinkedIn said it would shutter its Chinese site, replacing it with a jobs board instead.

Yahoo had previously downsized operations in China, and in 2015 shuttered its Beijing office. Its withdrawal from China is largely symbolic as at least some of Yahoo's services, its web portal, has been blocked in the country.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › Yahoo pulls out of China amid 'challenging' environment
Text Size:AAA
Success
This article has been saved

*

+