Yahoo company withdrew business from China country on the bad environment of China
What is the reason: In fact, China recently enacted the Personal Information Protection Act, which determines what information companies can collect and how it can be stored. China’s laws also provide that companies operating in the country must provide data on demand to authorities, which makes it difficult for Western companies to operate there because they are under pressure in their country to meet China’s demands. will have to face.
US technology firm Yahoo Inc. has withdrawn its business from China. The company has cited growing business and legal challenges in China for its move.
“In view of the growing business and legal challenges in China, all of the company’s services will no longer be available on the Chinese mainland,” Yahoo said in a statement. Committed to.
