Around Asia: Yahoo closes its China Portal

In Other News - September 3rd, 2013
Yahoo closes its China Portal

Yahoo has shut down its China portal after seeing its popularity decline amid fierce competition over the country’s tightly regulated Internet.

The internet giant said it closed down news and community services in an announcement on its home page. Last month, Yahoo stopped its Chinese e-mail service, and its music service went down in December.

The page for Yahoo China now redirects to a site run by Alibaba, a Chinese e-commerce firm which manages the Yahoo brand in the country. Yahoo said it was “adjusting its operations strategy” in a farewell message on its home page, although it declined to comment further.

Yahoo’s popularity has waned over the years, as the Chinese Internet companies increased its clout online. Some analysts said that Alibaba have benefited from its relationship with Yahoo, reports BBC.

“China Yahoo has been under Alibaba for many years. Its most valuable properties have been dismembered and used,” analyst Li Zhi from Analysys International told IT World. “Alibaba already has no need for China Yahoo that’s been squeezed dry.”

Yahoo’s departure from China stands in contrast to its significant strength in Japan. Yahoo recently trumped Google – although not as clearly as first stated – in the US during July.

By: Maesie Bertumen

Image of Yahoo Hong Kong Music Bus: Christian Heilmann/Flickr