US Internet company Yahoo is shutting down its presence in China, laying off at least 200 people, Bloomberg News reported.
The closure of Yahoo's Beijing office will eliminate 200 to 300 jobs, Bloomberg said Wednesday, quoting a person familiar with the matter.
"We are constantly making changes to align resources and to foster better collaboration and innovation across our business," Yahoo said in a statement quoted by Bloomberg.
"We currently do not offer local product experiences in Beijing but the office has served as a research and development centre," the statement said.
Yahoo did not immediately respond to requests for comment by AFP.
The move follows Yahoo's announcement in January that it will spin off its stake in Chinese e-commerce giant Alibaba, which last year listed on the New York Stock Exchange in a record offer.
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