Yahoo pulls out of China, citing 'challenging' environment
ABC News
Yahoo Inc_ says it has pulled out of China, citing an “increasingly challenging business and legal environment.”
HONG KONG -- Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment.
The withdrawal was largely symbolic, as many of the company's services were already blocked by China's digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales for Yahoo.
“In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will no longer be accessible from mainland China as of November 1,” the company said in a statement. It said it “remains committed to the rights of our users and a free and open internet.”
The company’s move comes as the American and Chinese governments feud over technology and trade. The U.S. has put restrictions on telecom giant Huawei and other Chinese tech companies, alleging that they have ties with China’s government, military or both. China says the U.S. is unfairly suppressing competition and trying to block China’s technological rise.
