Yahoo Inc. announced that starting this November it will complete the process of ending its operations in China, which had begun almost a decade ago: “In recognition of the increasingly challenging business and legal environment in China, the entire Yahoo services will no longer be accessible from mainland China as of November 1, “said a company spokesman.
The spokesperson also indicated that “Yahoo remains committed to the rights of our users and to a free and open Internet. We thank our users for their support ”.
According The Wall Street Journal, the output is largely symbolic, since Yahoo already had started shutting down its main services such as email, news and community services in China starting in 2013.
Still, Yahoo’s goodbye is a Reminder of the Growing Challenges Foreign Companies Face to Operate Under the Xi Jinping Regimeas the nation’s regulators have tightened the reins on Internet data, privacy and content security this year.
Yahoo, which launched its Internet operations in China in 1999, closed its last remaining physical presence in the country in March 2015.
The Chinese media South China Morning Post said that Yahoo’s popularity in online search declined in the 2000s, as Google increased its global market share and Baidu became the dominant search engine provider in China. On the other hand, he explained that Yahoo is operated by the eponymous firm Yahoo !, which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications.
He added that the number of Yahoo’s remaining users in the country is unknown, although it is generally considered small, compared to those of various Chinese online platforms that dominate the world’s largest Internet market.
Yahoo is the second major US tech firm to reduce its operations in China in the last week. Microsoft’s LinkedIn professional network announced last month that it was shutting down its Chinese site and replacing it with a job forum.
Note in development …