Yahoo entered China in 1999, attracted by the growth of this gigantic market in which the Internet was then taking its first steps.
The U.S. company is the latest in a list of global heavyweights to throw in the towel on the Chinese market. Last month, LinkedIn, Microsoft’s professional social network, also announced it was pulling out of the country.
In the name of “stability”, the Chinese authorities have erected a great wall of censorship. Not only do they remove from the network all topics they consider politically sensitive, but they also require companies to block content that is critical of the Chinese government or that simply does not agree with their point of view.
The U.S. social networks Facebook, Twitter, Instagram and YouTube, as well as Wikipedia and many foreign media are completely blocked because of their refusal to bow to Beijing’s demands.