Yahoo! China is shutting down their news website and the visitors are being rerouted to Taobao. Yahoo! China is managed by e-commerce company Alibaba. Yahoo! and Alibaba has been partners since 2005 when Yahoo! co-founder Jerry Yang put $1 billion into the company for a 40% stake.
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Yahoo! China Posts
Yahoo! China has announced that they are shutting down their Music website on January 20th. They posted a statement in Chinese that was translated to “Thank you for your continued support of Yahoo services. Due to an adjustment in our product strategy, we have decided to take Yahoo Music offline on January 20, 2013, when the service will no longer be available.”