San Francisco: Yahoo's email service in China will close this summer as part of an arrangement worked out with its partner in that country, Alibaba Group.
The service is scheduled to close August 19. Yahoo is recommending users of its free email service in China transfer their accounts to another provider such as Aliyun, an email alternative offered by Alibaba.
Yahoo Inc., based in Sunnyvale, California, has been phasing out of China since 2005 when it turned its website, email and other services over to Alibaba. As part of that deal, Yahoo paid $1 billion for a 40 per cent stake in Alibaba, one of China's biggest Internet companies.
It has proven to be an astute investment. Yahoo reaped a $7.6 billion windfall by selling half its stake back to Alibaba last year. Yahoo's remaining stake in Alibaba is now worth even more - about $14 billion by one analyst's estimate....
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10:04 AM, Apr 23, 2013
London: The maker of BlackBerry said Monday that email services have been restored on many of its smartphones, after an unexplained glitch cut off Internet and messaging services for large numbers of users across Europe, the Middle East and Africa. However, Research in Motion Ltd. said that some customers may continue to experience delays with instant messaging and browsing services. "Our technical teams are working to return services to normal...
08:04 AM, Oct 11, 2011
