Yahoo closes music service in China
Web giant Yahoo will shut down its online music service in China from Jan. 20, 2013, as part of a an adjustment to its product strategy.
The company made the announcement in Mandarin on the frontpage of its music portal, and also thanked users for their support.
In a space dominated by local player Baidu, Yahoo's move follows a similar one by Google which shut its Chinese music download service in September and said the impact of its product was "not as great as expected". Google had also pulled the plug on its shopping search service in China last week.
Yahoo's operations in China and globally have been undergoing a reorganization since the arrival of CEO Marrisa Mayer in July. In September, the company finalized a deal to give up its stake in e-commerce giant Alibaba for US$7.6 billion, which Mayer has suggested the proceeds might be used for new acquisitions.