Yahoo withdraws from China as Beijing’s grip on tech firms tightens

Internet firm cites increasingly challenging business and legal environment' as reason for exit

Yahoo has announced its withdrawal from the Chinese market in the latest retreat by foreign technology firms responding to Beijing's tightening control over the industry.

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," the company said on Tuesday.