19 August 2013 - 9:14am | posted by | 0 comments

Yahoo pulls the plug on Chinese email service

 Yahoo pulls the plug on Chinese email service Yahoo pulls the plug on Chinese email service

Internet giant Yahoo has pulled the plug on its Chinese email service, supplanting it with a simple statement inviting former users to transfer their accounts to Alibaba’s Alimail.

The closure of the service coincides with a gradual withdrawal from China of the Yahoo brand since its purchase of a $1bn stake in Alibaba back in 2005.

Since then Alibaba has grown to become a lead e-commerce platform, seeing it buy back 16 per cent of this stake last September for $7.6bn, leaving Yahoo with a $14bn stake remaining.

Yahoo is funneling this cash into other acquisitions to grow its presence in the Chinese market, notably the social network start-up Ztelic.

In recent months Yahoo has also shut down its Chinese music service as part of an ‘adjustment in our product strategy’.

Be the first to comment on this article: sign in or register.

Latest Projects from the Profile Hub

Glasgow University College of Arts Knowledge Exchange - communications strategy

20/11/2014
The College of Arts Knowledge Exchange is a leading-edge...

In The Snow Magazine Front Cover

20/11/2014
Front cover from a fashion shoot in Zermatt earlier this...

Cuckoo Design - HeadSpace

17/11/2014
If you want to work through your brand challenges and turn...

Welsh Blood - Precious Concept

17/11/2014
Description The Welsh Blood Service organises the...

Pentland / Ted Baker – AW14 footwear photography

14/11/2014
Pentland is behind some of the world’s best-known sports,...