Yahoo pulls out of China for good

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Yahoo pulls out of China for good
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Yahoo has shut down access to its services in China, becoming the latest American tech company to exit the country.

It pulled the plug"in recognition of the increasingly challenging business and legal environment," a Yahoo spokesperson said in a statement.

Access to many of Yahoo's features in China have disappeared since 2013, including email and news. In 2015, Yahoo closed its Beijing office and eliminated roughly 300 jobs. Operating in China has long posed numerous challenges for private companies, but Chinese President Xi Jinping has orchestrated a sweeping regulatory crackdown on the tech, education, gaming and entertainment industries in recent months that has wiped a huge amount of market value off China's biggest firms.

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