Shanghai & New York: FAO Global’s Managing Director & Founder, Brandon Hughes, and Cameron Johnson, Head of APAC Strategy, provided quotes and insight into Yahoo’s exit from the China market on November 2, 2021. Below are the key quotes from these articles.

“There’s just so much uncertainty now with media and tech companies in China that it doesn’t make a lot of financial sense to maintain such a large presence when you run into so much red tape.” – Brandon Hughes

Yahoo is the third major US tech platform to exit China in the past month

“The newly introduced regulations governing privacy and data security have increased the uncertainty and compliance costs of operating in China, and some companies are preferring to pull out rather than deal with the added business risk.” – Cameron Johnson

Yahoo Pulls Out of China, Ending Tumultuous Two-Decade Relationship