Yahoo pulls out of China citing ‘difficult’ environment

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HONG KONG (AP) — Yahoo Inc. Said it was taken on Tuesday Chinese, referring to an “increasingly challenging business and legal environment”.

Chinese authorities strictly control internet censorship in the country and need companies operating in these countries. Chinese censor content and keywords deemed politically sensitive or inappropriate.

“Aware of the increasingly challenging business and legal environment, Chinese, yahooservice pack will no longer be available from the mainland Chinese As of November 1,” the company said in a statement.

“It remains committed to the rights of our users and to the free and open internet,” he said.

The company’s withdrawal coincided with the implementation of the app. ChineseThe Personal Information Protection Act, which limits what information companies can collect and sets standards for how it should be stored.

Chinese law also stipulates that companies operating in the country must submit data if requested by authorities, making it difficult for Western firms to operate. Chinese as they may also face pressure to surrender at home Chinese‘ demands.

yahoo After handing over the data of two Chinese dissidents to Beijing in 2007, he was harshly condemned by lawmakers in the US and eventually jailed.

yahoo had previously shrunk its operations. Chineseand closed its Beijing office in 2015. His withdrawal from the country is largely symbolic, as at least some yahooIts services, including the web portal, are already blocked.

Chinese It also blocked most international social media sites and search engines like Facebook and Google. Users Chinese Those who want to access these services circumvent the blocking by using a virtual private network (VPN).

yahoo he also previously operated a music and email service. Chinese, but both services were discontinued in the early 2010s.

yahoo It is the second largest U.S. technology company to reduce its operations. Chinese in the past weeks. Last month, Microsoft’s professional networking platform LinkedIn said it would shut down its Chinese site and replace it with a job board.

Verizon Communications Inc. Purchased yahoo It merged with AOL in 2017, but later sold the asset to private equity firm Apollo Global Management in a $5 billion deal. Apollo announced its acquisition in September. yahoo was completed.

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