Yahoo announces closure of its services in China

Yahoo announces closure of its services in China

Daily Current Affairs / Yahoo announces closure of its services in China

Change Language English Hindi

Category : International Published on: November 03 2021

Share on facebook

Yahoo has announced the discontinuation of its services in China due to commercial and legal issues. According to a statement posted on the company's website, the company's services for users in China have been discontinued as of November 1.
Under a new law governing content and customer privacy, China has imposed stringent restrictions on Internet companies, forcing Yahoo to leave the country.
Yahoo began offering services in China in 1998 and signed a stake sale agreement with e-commerce behemoth Alibaba in 2012. Alibaba received a four-year licence to operate Yahoo in China as part of this agreement.

Important Takeaways

About Yahoo

Founded: January 1994
Founder: Jerry Yang, David Filo

Recent Post's

Union Home Minister Shri Amit Shah will launch the BHARATPOL portal developed by CBI on January 07, 2025, in New Delhi.
Read More....
India's rising squash star Anahat Singh won the U-17 title at the British Junior Open in Birmingham on 06 January 2025 by defeating Malika El Caracsi of Egypt.
Read More....
Union Minister Giriraj Singh inaugurates the new permanent campus of IIHT in Phulia.
Read More....
The central government has appointed 8 IPS officers from the Uttarakhand cadre to key positions for 2024-25, including Neeru Garg as the Director General of the Bureau of Police Research and Development (BPR&D).
Read More....
Odisha Chief Minister Mohan Charan Majhi inaugurated the annual 'Adivasi Mela' and launched the 'Shaheed Madho Singh Haath Kharcha Yojana' aimed at addressing the problem of dropouts of tribal students.
Read More....
At the 2025 Golden Globe Awards, films and shows like 'Emilia Pérez,' 'The Brutalist,' 'Shogun,' 'Hack,' and 'Baby Reindeer' won major awards in categories such as Best Motion Picture - Drama, Best Director, and Best Actor.
Read More....
Justin Trudeau has announced his resignation as the Prime Minister of Canada.
Read More....
Sumariwalla's reign as AFI chief to end, former shot putter Bahadur Sagoo to replace him.
Read More....
Union Industries Minister H.D. Kumaraswamy launches PLI Scheme 1.1 for special steel.
Read More....
R. Chidambaram, the doyen of India’s nuclear programme, passes away at the age of 88.
Read More....