Yahoo! Shuts Down E-Mail Service In China

Screen Shot 2013-08-19 at 8.46.32 AM
Yahoo! has decided to shut down their e-mail service in China, according to the log-in page for the service.  Yahoo! is asking users to transfer their accounts to Alibaba’s Alimail.  Yahoo! originally announced that they were closing the service back in April.

The Yahoo! China e-mail website says that users that have the and can register and transfer their data to a new Alimail account.  They will continue to receive e-mails sent to their Yahoo! addresses until December 31, 2014.

Yahoo! spent $1 billion for a 40% stake in Alibaba in 2005.  Alibaba repurchased a large number of shares back from Yahoo! for $7.6 billion.  Yahoo! still has a 24% stake in Alibaba.  Alibaba is expected to go public within the next few years.


Leave a Comment