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A Yahoo logo on the outside of the company's headquarters in Sunnyvale, California. Photo: Ryan Anson/Bloomberg via Getty Images

Yahoo it ended its services in China Tuesday because of "the increasingly challenging business and legal environment" in the country, a spokesperson said in a statement.

Why it matters: Yahoo is the latest U.S.-based tech company to stop offering its services in China, where the government's strict control over the internet forces businesses to censor certain information that Beijing has deemed subversive.

  • Yahoo's withdrawal coincided with the start of China's Personal Information Protection Law, which determines the type of personal information international and domestic companies can gather from their users and dictates how that information should be handled and transferred, Axios' Bethany Allen-Ebrahimian reports.
  • The law, which went into effect on Monday, essentially creates a massive data protection legal regime in the country, and companies that break it can face massive fines, depending on the severity of the violation.

What they're saying: “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,” a company spokesperson said in a statement.

  • The spokesperson added Yahoo “remains committed to the rights of our users and a free and open internet.”

Worth noting: Yahoo, which had operated in China since the late 1990s, was heavily criticized in the U.S. in 2007 after it gave Beijing officials e-mail records that ultimately led to the imprisonment of two Chinese dissidents, according to the New York Times.

The big picture: Microsoft's LinkedIn ended the localized version of its app in China after it faced backlash for censoring the profiles of American journalists that have covered human rights abuses in the country, including Axios' Allen-Ebrahimian.

  • LinkedIn will instead launch a new job boards app called "InJobs" later this year.

Go deeper ... Top general: China's hypersonic missile test "very close" to a "Sputnik moment"

Go deeper

Mar 18, 2020 - World

Timeline: The early days of China's coronavirus outbreak and cover-up

Photo Illustration: Sarah Grillo/Axios Photos: Stringer/Getty Images, Feature China/Barcroft Media via Getty Images, Peng/Xinhua via Getty via Getty Images

Axios has compiled a timeline of the earliest weeks of the coronavirus outbreak in China, highlighting when the cover-up started and ended — and showing how, during that time, the virus already started spreading around the world, including to the United States.

Why it matters: A study published in March indicated that if Chinese authorities had acted three weeks earlier than they did, the number of coronavirus cases could have been reduced by 95% and its geographic spread limited.

JPMorgan CEO walks back joke about Chinese Communist Party

JPMorgan CEO Jamie Dimon in Paris in June 2021. Photo: Michel Euler/Pool/AFP via Getty Images

JPMorgan CEO Jamie Dimon walked back a recent critique of the Chinese Communist Party on Wednesday, saying he regrets joking that the bank will outlast the party in China.

Driving the news: Speaking at the Boston College Chief Executives Club Tuesday, Dimon noted that JPMorgan's Chinese operations and the CCP were both celebrating their 100th year anniversary in 2021 and said he would bet that the bank would outlive the party, according to Bloomberg.

Biden administration makes first move on data privacy

Illustration: Sarah Grillo/Axios

The Biden administration is launching its first big effort on privacy policy by looking at how data privacy issues affect civil rights.

Why it matters: An administration perspective on privacy policy could be key in developing a long-awaited national privacy law by putting the White House stamp on how to regulate privacy.