Yahoo Latest Company To Pull Out Of China, Citing Business And Legal Challenges
Reading now: 985
deadline.comYahoo Inc. said Tuesday it’s pulling out of China, citing an increasingly challenging business and legal environment as the latest foreign company to be caught up in Beijing’s tougher stance on businesses operating there.Yahoo stopped offering its service in mainland China as of Nov.
1, a month LinkedIn did the same, with the Microsoft-owned professional networking site noting “significantly more challenging operating environment and greater compliance requirements.” China already blocks social media giants Facebook, Twitter and Google.Yahoo’s exit coincided with China’s Personal Information Protection Law, a new privacy reg governing data collection.
Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
