China Yahoo today in the home page published a notice said

Source: Internet
Author: User
Keywords Yahoo
Tags alibaba alibaba group business community community services company group home page

Yahoo China will no longer provide information and community services from tomorrow, according to a 2012 Alibaba Group and Yahoo America deal, the Chinese company said in a statement on its homepage today. Yahoo China's original team will be to do Ali group public welfare projects.

Since April this year, China's Yahoo has been gradually discontinued its products operation. August 19, China Yahoo's mailbox service officially terminated, the portal and the community become China's two remaining main business of Yahoo. Yahoo China today announced it will adjust its operational strategy to stop information and community services from tomorrow. This means that China's main business of Yahoo will cease to operate, leaving only the brand.

According to Sina Technology, the beginning of this March, China's Yahoo 200 people's team has been in the internal adjustment. Team members were transferred to the Public welfare Department of Hangzhou-the public welfare is Mr. Ma fired Ali Group CEO after the key participation in the project. "The public service will be the focus of this year's Ali group Project." Ali Group PR said.

In 2005, Yahoo traded 1 billion dollars in cash and all of Yahoo's assets in China in exchange for a 40% stake in Alibaba Group. According to the shares repurchase agreement between Ali and Yahoo last year, Ali will return the brand rights of Chinese Yahoo to Yahoo in 4 years.

In response to the service shutdown, Ali Group said that China's brand of Yahoo still belongs to Ali Group, but not to return to the United States Yahoo.

Coincidentally, the Taiwan famous Community website Nameless Station (www.Wretch.cc) yesterday also issued a notice, said that the service will be fully discontinued on December 26, 2013. Nameless Station was a BBS site, Taiwan is currently the most well-known blog, one of the network album platform. 2007 was Yahoo! to 700 million NT dollars (about 140 million yuan) acquisition. Yahoo! is a subsidiary of Yahoo America in Taiwan.

The following is the original announcement:

Dear Netizen:

Based on an agreement between Alibaba Group and Yahoo America in 2012, China's Yahoo will adjust its operating strategy to stop providing information and community services from 0 o'clock on September 1, 2013. The original team will focus on the spread of the Alibaba Group's public welfare undertakings.

Thank you so many years have been supporting our friends, but also hope that in the future of public welfare undertakings, can continue to receive the support of everyone. Everyone's companionship and unreserved support are the greatest driving force for us to move forward.

Whether the public good or the information, our original intention is to awaken, spread the world the most true and the most beautiful things.

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