No joy for Yahoo China as e-mail service to close
By Xie Yu in Shanghai | China Daily | Updated: 2013-04-19 07:11
Decision leaves company with only web portal business in local market
Yahoo China announced on Thursday it will shut down its e-mail service by Aug 19, another sign of the brand's shrinking presence in the Chinese market.
The company, part of Internet giant Yahoo, has been run by China's e-commerce leader Alibaba since 2005 after the two firms shook hands on a $1 billion deal that saw Yahoo given 40 percent of then little-known Alibaba's stock.
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