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  1. #1
    Thailand Expat misskit's Avatar
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    Yahoo pulls out of China for good

    New York (CNN Business)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.


    "Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support."
    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.


    Yahoo joins Microsoft's (MSFT) LinkedIn social network, which announced last month that it would leave China because of a "significantly more challenging operating environment and greater compliance requirements in China."


    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.


    The country's latest five-year plan includes promises to strengthen rules that would clamp down on monopolistic behavior and regulate technological innovation. Authorities also called on "law enforcement" to take action in areas of "vital interests of people," including financial services, education and tutoring.


    Yahoo was once among the biggest tech companies in the world, but its influence drastically diminished over the past decade. Several CEOs tried turning the company around, but they ultimately failed to regain share of the search and advertising markets that Yahoo once dominated. It was recently bought by Apollo Global Management from Verizon as part of a $5 billion deal.


    The company was once an early investor in Chinese e-commerce giant Alibaba. Several years later, Yahoo returned $3 billion to shareholders after selling back about half of its massive stake in Alibaba for $7.1 billion.

    Yahoo pulls out of China for good - CNN

  2. #2
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    The company was once an early investor in Chinese e-commerce giant Alibaba.
    Should have stayed the course then, and maybe invested a coupla billion in Tencent rather than returning it to shareholders. They would be a lot richer now.

  3. #3
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    Buckaroo Banzai's Avatar
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    Yahoo is still a thing?

  4. #4
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    Quote Originally Posted by Buckaroo Banzai View Post
    Yahoo is still a thing?
    Still posts a turnover of $5.2 billion, with 8000 employees.

  5. #5
    Thailand Expat tomcat's Avatar
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    I've still got a Yahoo email account I started in the early 90s...works fine...any foreign company that is subject to mainland censorship should pull out immediately: from the NBA to media companies...profits be damned...

    ...this school is pulling out after refusing to teach Chinese government approved lesson plans:

    Westminster School pulls out of China after Communist Party insists lessons are approved by Beijing

    By Camilla Turner (The Telegraph)
    Wed, November 3, 2021, 3:33 AM



    Chengdu Westminster School

    Westminster School is to pull the plug on its China operation after a new Communist Party ruling stipulated that all lesson plans must be approved by Beijing.

    The school unveiled its plans in 2017 to set up a sister institution bearing its name in Chengdu in China’s Sichuan province.
    But on Tuesday, Westminster’s chairman of governors told parents that this project has now been axed following “recent changes in Chinese education policy”.

    Earlier this year it emerged that British-branded private schools in China will be forced to abandon their curricula and teach only lessons approved by Beijing as part of a broader push led by president Xi Jinping to ensure the “right” thinking.

    The new regulations mean that international schools must now teach the same lessons as China’s state-run public schools from kindergarten to grade nine.

    All private schools must now “uphold the leadership of the Communist Party of China”, a move aimed at giving Beijing greater oversight on what children learn.

    The new rules, which take effect in September, also limit foreign control and participation in the running of private schools, mandate that school board members are Chinese, and seek to regulate expensive tuition fees.

    Stephen Spriggs, the managing director at the consultancy firm William Clarence Education, said: “There was always a risk with schools viewing China as the land paved with gold. You are liable to a change in their government’s policy.”

    He said he suspects more British schools will pull out of China and instead target more “politically stable” countries.
    Westminster, whose alumni include the philosopher John Locke, author A.A. Milne and the former deputy prime minister Sir Nick Clegg, charges £43,270 a year for boarders.

    Some of the country’s leading private schools have set up campuses in the Far East over the past decade.
    The £42,630-a-year Wellington College has five schools in China and one in Thailand. It set up its first overseas school – Wellington College International Tianjin – a decade ago.

    Meanwhile, Harrow School runs 11 schools in China, Hong Kong, Japan, Indonesia and Thailand. North London Collegiate School has a satellite campus in South Korea, Dubai and Singapore.

    Most private schools use a “franchise” model, where an investor or management company pays the school a fixed amount each year – similar to a royalty – in order to use their name, brand or expertise.
    Under this model, the British “mothership” school is often paid a percentage of the school fees each year, on top of the franchise fee.
    Last edited by tomcat; 03-11-2021 at 08:07 AM.
    Majestically enthroned amid the vulgar herd

  6. #6
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    ^my former yahoo email account was where I received word that I have some unclaimed shares in a gold mine in Nigeria... Heh.

  7. #7
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    Their news section/ homepage is quite good. Otherwise, what happened to Yahoo?

  8. #8
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by sabang View Post
    Their news section/ homepage is quite good.
    ...agree...
    Quote Originally Posted by sabang View Post
    Otherwise, what happened to Yahoo?
    ...lack of management with vision...

  9. #9
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    Quote Originally Posted by sabang View Post
    Otherwise, what happened to Yahoo?
    Google/Alphabet

  10. #10
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    MarilynMonroe's Avatar
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    Wechat rocks!!

  11. #11
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    Quote Originally Posted by tomcat View Post
    The new regulations mean that international schools must now teach the same lessons as China’s state-run public schools from kindergarten to grade nine.
    I'm thinking many international schools will pull out. I wonder if that pertains to IB schools which was the curriculum I used in Beijing.
    If so, many Canadian/US curriculum schools may pull out.

    I think most people use google but I believe need a vpn to access. YAhoo is old school I think.
    We chat is not a search engine but is used for pretty much everything in China. I miss it as that is all I used to pay for anything.

  12. #12
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    Quote Originally Posted by sabang View Post
    happened to Yahoo?
    They got rid of yahoo messenger awhile back, and I think yahoo went out when google came in.

  13. #13
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    Quote Originally Posted by tomcat View Post
    All private schools must now “uphold the leadership of the Communist Party of China”, a move aimed at giving Beijing greater oversight on what children learn.
    Eesh, that is scary! Reading about public schools in China and what students were taught, I can't imagine this is a good move.

  14. #14
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    Up starts all - I am holding on to my netscape.net backup email account from the mid-90's that I have had since I lost my login at University and my isp imploded.

  15. #15
    Thailand Expat harrybarracuda's Avatar
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    I thought Yahoo had pulled out of the business world to be honest, but I see my one throwaway Yahoo account is still active.

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