Yahoo Kills Chinese Services!

Yahoo has ended its news and community services in China, having already closed its email service, hinting it is retreating from the country almost completely.

The company, which is undergoing a transformation under the leadership of Marissa Mayer, said in a farewell note on the Yahoo China homepage it was “adjusting its operations strategy”.

Yahoo has a stake in Alibaba, which runs the Chinese side of Yahoo, and some believe the latter has gained the most out of the deal, hence the reason for Mayer’s move out of the country.


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Story added 3. September 2013, content source with full text you can find at link above.