Yahoo ditches China for good

Published

3 years ago

November 3, 2021

Yahoo has withdrawn its services from China, making it the second Western tech brand to leave the country

Yahoo says it has become “increasingly challenging” to operate within China which has a difficult business and legal environment.

The services have been unavailable in mainland China since November 1.

“In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will no longer be accessible from mainland China as of November 1,”
Yahoo said in a statement.

This comes only a month after Microsoft removed access to LinkedIn within the country, citing similar concerns with the operating environment within the communist nation.

LinkedIn cited “more challenging operating environment and greater compliance requirements in China”.

China’s government requires internet companies to censor content deemed politically sensitive or inappropriate. Image: AP

The recent departures of the tech firms illustrate the changing operating environments within China

Chinese companies have replaced the platforms creating an alternative internet that follows the rules of censoring content and keywords that the government requires from them.

‘The Baidu’ search engine has largely replaced Yahoo and Google in China, and WeChat and Weibo are the leading social media platforms as apps like Facebook remain unusable within the nation.

Is GenerativeAI transforming education?

Published

2 days ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

How AI is leveraging Amazon’s fast production

Published

3 days ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.