Yahoo initially announced the closure of its email service in China on April 18 and is in the footsetps of its strategy to limit its services in China after it acquired a stake in one of the largest internet companies of china, Alibaba in 2005.
Yahoo had also announced to cease its music service in China in January and termed it an adjustment in its product strategy. Now a notice on Yahoo Email’s china site asks users of @yahoo.cn and @yahoo.com.cn to register at Alimail and transfer their data to the new account. Yahoo has also said that the users of Alimail account will be able to receive emails sent at their old yahoo accounts at the Alimail account up to 31st December, 2014.
Yahoo bought a 40 percent stake in Alibaba in 2005 for $1 billion. Alibaba has grown into an internet giant in China now and Yahoo recently sold its 16 percent stake for $7.6 billion. The remaining investment in Alibaba is valued at about $14 billion.