Summary: Yahoo pioneered the early Internet, dating back to 1994. By 2000, it had become the most popular website in the world, but by the end of the 2000s it had lost significant market share to Google. The company has tried to reinvent itself several times, but hasn’t had much of an impact in this area for over a decade. Back in May, Verizon sold Yahoo along with its godbrother AOL to Apollo Global Management for $ 5 billion, roughly half of what the company originally paid for brands in the mid-2010s.
Yahoo became the second American tech firm to leave China in so many months.
The spokesman for the Internet pioneer said Reuters via email that, given the increasingly complex business and legal environment in China, Yahoo’s suite of services will no longer be available from mainland China from November 1st.
A company spokesman added that Yahoo remains committed to its users’ rights and a free and open Internet.
Less than a month ago, Microsoft shut down the Chinese version of LinkedIn. The service has been active in China since 2014, but in March of this year, the country advised Microsoft to “better regulate” content on its platform. Months passed, and eventually Microsoft decided to replace the Chinese version of LinkedIn with a new app.
InJobs is expected to launch later this year as a standalone job management app – essentially LinkedIn without the social aspect that the Chinese government had problems with.
Image Credit Patrick Xiamen