Yahoo pulls out of China, citing ''challenging'' environment
Hong Kong, Nov 3: Yahoo Inc. said Tuesday it has pulled out of China, citing an increasingly challenging operating environment.
The withdrawal was largely symbolic, as many of the company's services were already blocked by China's digital censorship. But recent government moves to expand its control over tech companies generally, including its domestic giants, may have tipped the scales for Yahoo.
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. It said it remains committed to the rights of our users and a free and open internet.
The company's move comes as the American and Chinese governments feud over technology and trade. The U.S. has put restrictions on telecom giant Huawei and other Chinese tech companies, alleging that they have ties with China's government, military or both. China says the U.S. is unfairly suppressing competition and trying to block China's technological rise.
Yahoo is the latest foreign tech company to exit China. Google gave up several years ago, and Microsoft's professional networking platform LinkedIn said last month it would shutter its Chinese site, replacing it with a jobs board instead. The departures illustrate the choices internet companies face in a huge potential market, but one where the government requires them to censor content and keywords deemed politically sensitive or inappropriate.
In their place, Chinese companies have filled the void, creating an alternative internet with its own digital giants. The Baidu search engine has largely replaced Yahoo and Google in China, and WeChat and Weibo are the leading social media platforms.
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.
Yahoo was harshly criticized by lawmakers in the U.S. in 2007 after it handed over data on two Chinese dissidents to Beijing, eventually leading to their imprisonment.
Yahoo had previously downsized its operations in China, dropping a music and email service in the early 2010s and shuttering its Beijing office in 2015. Anyone who tried to access Engadget China, a tech news site that it had continued to operate, was greeted Tuesday with a popup saying the site would no longer publish content.
China has also blocked most international social media sites and search engines, such as Facebook and Google. Some users in China circumvent the block by using a virtual private network (VPN) that masks who you are and where you are logging in from.
Verizon Communications Inc. acquired Yahoo in 2017 and merged it with AOL, but later sold the entity off to private equity firm Apollo Global Management in a 5 billion deal. Apollo announced in September that its acquisition of Yahoo was complete.
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ED searches: Karnataka CM Siddaramaiah accuses Centre of targeting Cong leaders
Chamarajanagara (Karnataka) (PTI): Karnataka Chief Minister Siddaramaiah on Tuesday accused the central government and its agencies of consistently targeting Congress members by using searches on their properties, and questioned why similar action is not taken against BJP leaders.
He was reacting to searches conducted by the Enforcement Directorate on Monday on several individuals, among them the sons of Karnataka Congress MLA N A Haris and the grandson of former Union Cabinet minister K Rahman Khan, in connection with a cryptocurrency-linked money laundering case.
"The central government always targets Congress leaders. Will they raid the houses of BJP leaders?" Siddaramaiah said in response to a question. More than a dozen premises in the city were searched as part of the operation carried out by the ED under the provisions of the Prevention of Money Laundering Act (PMLA).
The premises searched comprised those of Mohammed Haris Nalapad and Omar Farook Nalapad, the sons of the MLA; Aqeeb Khan, the grandson of veteran Congress leader K Rahman Khan; and an alleged crypto hacker, Srikrishna Ramesh, alias Sriki, officials said.
The money laundering case stems from Karnataka Police FIRs and charge sheets filed in a 2017 case involving the hacking of national and international websites, theft of bitcoins, and the sale of these stolen virtual digital assets (VDAs) through crypto platforms by the alleged hacker Sriki and his associates.
Mohammed Haris Nalapad, Omar Farook Nalapad, and Aqeeb Khan are alleged to be beneficiaries of the proceeds of crime generated through this crypto-linked activity, officials added.
