Yahoo Inc. on Tuesday said it intends to pull out of China, citing an increasingly challenging business and legal environment.
The firm said in a statement that its services will
no longer be accessible from mainland China as of Nov. 1. "Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support, the statement read.
Yahoo is the second large U.S. technology firm in recent weeks to decrease its operations in China. Google gave up several years ago, and last month, Microsoft's professional networking platform LinkedIn said it would shutter its Chinese site, replacing it with a jobs board instead.
Yahoo had formerly downsized operations in China, and in 2015 shuttered its Beijing office. Its withdrawal from China is mostly symbolic as at least some of Yahoo's services, its web portal, has been blocked in the country.
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