The Chinese government's harsh treatment of Google and other internet groups over the past six months has deterred Yahoo from attempting to conquer this market on its own, executives have said.
The US internet company this week sold its 1 per cent stake in Alibaba.com, the online platform for trade between companies, for about $150m.
The change of heart underscores to what extent foreign companies remain locked out of China, the world's largest internet market by users, as the country remains determined to develop the internet on its own terms.
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