Dear MEL School’s Topic Readers,
Yahoo to exit from Chinese mainland market
Another retreat from the mainland China.
This time, Yahoo. Though the Internet giant had only a research and development
center in Beijing with 300 or so engineers, it marks another setback for
international tech companies in the biggest Internet space in the world. Google,
Facebook, Twitter and Amazon and such are all have strongholds in major markets
but not in China’s growing and increasingly influential cyber space or
e-commerce market.
Aren’t these players competitive enough in
China or are they somehow pushed out by the authoritative regulators? At least,
the laid-off employees, mainly engineers, seem to have no problem finding new
jobs as tech employers are starving for Internet talents.
Enjoy reading and learning how little the
Internet giant’s retreat from China is.
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