Yahoo to Shut Down China Office

2012-38 REP Marissa Mayer H

The new Yahoo CEO wins praise for her first investor call Oct. 22, explaining a plan to revitalize the company via mobile and search and revealing better-than-expected third-quarter earnings.

The Beijing-based operation reportedly has up to 300 employees.

Yahoo is shuttering its office in China, eliminating 200-300 jobs, Bloomberg News reported.‎

It cited a statement that said Yahoo has told staff based in Beijing that it would close the operation. Bloomberg also cited a source as saying 200-300 employees are working there. Some functions are expected to be shifted to the online company's U.S. operation.

The Internet giant, led by CEO Marissa Mayer, has been streamlining its operations and cut staff in different parts of the world, including recent layoffs in Canada.

"We are constantly making changes to align resources, and to foster better collaboration and innovation across our business," Bloomberg quoted from a Yahoo statement. "We currently do not offer local product experiences in Beijing, but the office has served as a research and development center."

Yahoo has had a sometimes difficult history in China. Activists and U.S. lawmakers criticized the company after it turned over information to the Chinese government on journalist Shi Tao, who was in 2005 sentenced to 10 years in prison.

Twitter: @georgszalai