US Yahoo withdraws from China because of “harsh business environment"

Recently CNN.co.jp reported the following:

米ヤフー、中国から撤退　「厳しいビジネス環境」理由に

2021.11.03 Wed posted at 17:09 JST

ニューヨーク（ＣＮＮ Ｂｕｓｉｎｅｓｓ） 米ヤフーは２日までに、中国へのサービス提供を打ち切った。同国でのビジネス環境と法的環境が厳しさを増しているとの認識に基づき、撤退を決めたとしている。

ヤフーは２０１３年以降、中国での電子メールやニュースなど、多くのサービスを停止。１５年には北京事務所を閉鎖し、約３００人を解雇していた。

中国は長年、民間企業にとって障害の多い環境だったが、習近平（シーチンピン）国家主席は数カ月前からハイテク、教育、ゲーム、娯楽業界などに対する締め付けを特に強めている。

米企業では先月、マイクロソフト傘下のビジネス向けＳＮＳ、リンクトインも中国の規制強化などを理由に撤退を発表した。

ヤフーはかつて中国のネット通販大手アリババに初期から投資したが、数年後に約半分の株を総額７１億ドルでアリババに売却した。

Translation

New York (CNN Business) Yahoo had stopped providing services to China by the 2nd. It said that the it decided to withdraw based on the recognition that the business and legal environment in the country was becoming more severe.

Yahoo had stopped many services such as e-mail and news in China since 2013. In 2015, it closed its Beijing office and dismissed about 300 people.

China had been a difficult environment for private companies for many years, President Xi Jinping starting from a few months ago began to tighten the tech, education, gaming and entertainment industries.

Last month, due to tightening regulations in China, a US company announced that it would withdraw Microsoft's SNS for business, and also LinkedIn.

Yahoo once invested in China's online shopping giant Alibaba from the beginning, but a few years later it sold about half of its shares to Alibaba for a total of $ 7.1 billion.

              It is obvious that foreign news, information and ideas are deemed by CCP as something negative and dangerous to their governing. China always wants to unify the information source for its people so as to cultivate a unified thinking and world view.