Yahoo ended its services in China, becoming the latest American technology company to leave the country.
The company resigned “in recognition of the increasingly challenging legal and business environment,” a Yahoo spokesman said in a statement.
“Yahoo remains committed to the rights of our users and a free and open Internet. We thank our users for their support.”
Access to many of Yahoo’s resources in China has been discontinued since 2013, including email and news. In 2015, Yahoo closed its Beijing office and eliminated about 300 jobs.
Yahoo, recently acquired by Apollo Global Management, joins Microsoft’s LinkedIn social network (MSFT), which last month announced it would leave China because of a “significantly more challenging operating environment and increased compliance requirements in China ”.
Operating in China has long presented numerous challenges for private companies. Chinese President Xi Jinping orchestrated a wide-ranging regulatory crackdown on the technology, education, gaming and entertainment industries in recent months, which has wiped out a huge amount of market value from China’s biggest companies.
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Reference: CNN Brasil
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