November 3, 2021
Yahoo is the latest U.S. technology company to end its presence in mainland China as stricter regulations are introduced there.
The company claims the country is an “increasingly challenging business and legal environment.” The news comes after U.S. technology company LinkedIn left China a few weeks ago.
While users in China have been notified that the company’s websites are no longer accessible, Yahoo made it clear that the company’s products and services operate smoothly in other places around the globe where it is present, besides China.
China has introduced tough rules in recent years that not only seek to crack down on big technology companies but also make the market “challenging” for them. Its Chinese data protection law makes matters even more difficult, as it has introduced a number of provisions on how data should be collected and stored, with a massive fine of up to 5% of a company’s annual turnover.
For more information, read the original story on the BBC.
