Yahoo is calling it quits in China

As lucrative as a market as China is, it can be difficult for Western companies to actually establish a foothold in the country. Yahoo is the latest such company to call it quits in China and has announced that it will be shutting down its research center in Beijing and lay off hundreds of its staff. This is part of CEO Marissa Mayer’s plan to focus more on the United States and shave off outside expenses.