Yahoo Pulls Out of China

judgecorp writes "Yahoo has closed its news and community services in China, having already closed its email services there. A farewell message on Yahoo's Chinese site doesn't say much, but it seems Yahoo is ceding the territory to Chinese firm Alibaba, in whom it has a stake."

Comments

And this is a surprise?

[mendax]

When I read this story I found myself reacting with a great yawn. China is a very difficult place for an American Internet firm to do business because of the virulent corruption throughout its government and economy in general and the nonexistent rule of law, a court system that is not independent of the government in other words. Incidentally, these facts as well as some others will eventually lead to the collapse of China's economy.