Yahoo! announced his departure from China

American Internet holding company Yahoo! decided to leave China - the company explained that it was forced to leave the country's market due to the "complicating business and legal environment," writes Bloomberg.

The company said in a statement, quoted by the agency, that as of November 1, its services will no longer be available from mainland China. “Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support,” the holding said in a statement.

Yahoo! is the second major US tech company to wind down business in China in recent weeks. Last month, the professional networking platform LinkedIn (owned by Microsoft) announced that it was closing in China - instead of a social network in the country, only the job search site InJobs would operate. The company linked the exit from the Chinese market with the tightening of Internet censorship by Beijing.

The Chinese authorities really don't seem to be ending their crackdown on the country's entire IT sector, from extra-curricular education to computer games, anytime soon. After the publication of new rules for the EdTech sector, the gaming industry and food delivery services, which actually brought down the business in these areas, it became known yesterday that Beijing also targeted the online medicine sector.

Find out more

Xi Jinping and his fellow leaders have their own reasons for attacking Internet platforms. them in detail for The Bell , briefly they can be described as follows: “Security and stability are more important than profits and uncontrolled growth.” described Sinologist Alexander Gabuev