Yahoo pulls out of China, cites 'challenging' operating environment
The withdrawal was largely symbolic, as many of the company’s services were already blocked by China’s digital censorship Hong Kong: Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment. “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. Yahoo’s departure coincided with the implementation of China’s Personal Information Protection Law, which limits what information companies can gather and sets standards for how it must be stored. Chinese laws also stipulate that companies operating in the country must hand over data if requested by authorities, making it difficult for Western firms to operate in China as they may also face pressure back home over giving in to China’s demands.
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