Yahoo is shutting down operations in China, removing 200 to 300 jobs in the region from its Beijing office.
The web giant has been unable to win over the Chinese market with its search and media center, unlike China’s neighbor Japan, currently Yahoo’s largest market.
It is not the only shut down Yahoo has completed since Marissa Mayer took charge of the company. Yahoo has been downscaling its offices around the world, focused on making its headquarters in Silicon Valley larger and having less work from home employees.
Yahoo will not close all relations with China, considering its 40 per cent stake in Alibaba is what is keeping the profit margin above board. It will be splitting off the Alibaba stock into a separate holdings company………
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