Yahoo to bid farewell to China's predicament highlights "backdoor era" Internet enterprise transformation is urgent

Since the North Research Center was the only entity in China after Yahoo sold its business to Alibaba in 2005, the closure of the North Research center has naturally become a sign that many people see as "a complete farewell to China by Yahoo".

The founder of the Internet miracle in the late 20th century, Yahoo, the most prestigious portal era, announced recently that it would formally close its research and development center in Beijing and lay off about 350 people, further reducing its global business.

Since the North Research Center was the only entity in China after Yahoo sold its business to Alibaba in 2005, the closure of the North Research center has naturally become a sign that many people see as "a complete farewell to China by Yahoo". Many people have experienced 20 years of wind and rain Yahoo This turn to leave China filled with emotion.

However, although Yahoo's sadly away from the field does have a sad place, but comb the dynamics of Yahoo. In recent years, we can find that in the context of the precarious status of the industry and the uncertain future, Yahoo's withdrawal from China is not an accident, but a necessary choice to shrink its global operations and "tighten its belts" at the same time, Yahoo's plight may also highlight the "backdoor era" of the Internet business transition urgency.

Yahoo announces closure of Beijing Research and Development Center

As part of a global business consolidation, Yahoo last week officially announced its decision to close the Beijing Research and Development Center, which is the only entity in the country after Yahoo's 2005-year sale to Alibaba, and the news that Yahoo has closed its North Research center has become a sign that many people have come to see it through.

Yahoo is dismantling its remaining business in China, laying off 200 to 300 people and closing the Beijing Research Center, the Wall Street Journal said March 19, in an article called "Yahoo's total withdrawal from China". Yahoo's job cut is about 2% of the company's global workforce, and the layoffs are the latest step in a series of cuts by Yahoo's chief executive Mayer. Yahoo Chinese homepage has begun to transfer visitors to its Singapore website.

According to the BBC, the most immediate purpose of Yahoo's closing the Beijing Research and Development center is to cut costs. The BBC quoted a Yahoo spokeswoman as saying the shutdown could lead to the closure of about 350 people. Yahoo's explanation for this is "to adjust resources to support collaboration and innovation across the enterprise".

Yahoo closed the decision of the North Research Center has also caused a lot of domestic media attention, NetEase technology to publish the article said, in the Yahoo closed North Research Center news, a recruitment agency has taken the lead in the North Research center outside the door to engage in public relations activities to attract the dismissed personnel. The report also quoted Millet company Lei, said that the hope that Yahoo's colleagues to consider the investment of millet and the 30 companies to provide job opportunities.
Yahoo thin body: "Tighten belt" helpless

Although Yahoo's sadly away from the field makes many people lament unceasingly, but combs the recent years Yahoo's dynamics we may discover, withdraws from the Chinese market has already been in Yahoo's plan, leaves China, can only say is Yahoo reduces the global business, "tightens the belt" another helpless move.

Data show that in recent years, Yahoo has been planning to quickly withdraw from the Chinese market. Since September 1, 2013, Yahoo China has ceased to provide information and community services. The same year, China's Yahoo Mail also stopped service, Yahoo also closed its music search services and other business. In the industry, it can be said that Yahoo has already become an outsider in the Chinese market.

The media also quoted an insider's statement that, because there is little business in the Chinese market, and Beijing and other domestic first-tier cities research and development of human costs has increased sharply, in this context, the closure of the North Research Center, the Chinese market has long been Yahoo inevitable choice.

Yahoo has just completed a round of layoffs in Canada, about 100-200 people in the first one months of announcing the closure of the Institute, the Wall Street Journal reported. The Wall Street Journal also cited information from people familiar with the matter that the layoff decision was mainly in response to chief executive Meyer's efforts to cut costs.

In addition, the previous 2014, Yahoo also in India, Bangladesh and other countries to implement large-scale layoffs. The number of layoffs in India is about 400, accounting for about 3% of its global workforce. Even more media reports said that Yahoo had closed its operations in South Korea in the year before the launch of the Chinese market, which was the end of 2012.