Yahoo Latest Company To Pull Out Of China, Citing Business And Legal Challenges

Yahoo Latest Company To Pull Out Of China, Citing Business And Legal Challenges
Yahoo 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 after 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. Yahoo has been gradually closing up shop in China over the years, having previously shuttered email, news and other services. Overall, stricter data rules as well as recent geopolitical tensions and Covid-19 regulations have made China an increasingly complicated place for foreign companies, including heightened tensions with Hollywood.

While today’s news focuses on data privacy,
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