Thursday August 16, 2018
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Yahoo shuts China operations, 200 employees lose job

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Agencies

In its latest cost-cutting measures, internet giant Yahoo Inc. has shut shop in China.

A move which includes closure of Yahoo’s Beijing research centre, has cost 200 employees their job, a 2% of Yahoo’s worldwide staff of 12,500.

The withdrawal of Yahoo from China was not a complete surprise as the company had already stopped offering services to users in China in 2013, transferring their accounts to Alimail, an email service offered by Yahoo’s close partner in the region, Alibaba Holding Group Ltd.
Since October 2014, Yahoo has sacked 900 employees, including the latest Chinese purge, mostly in offices outside the US.

Job cuts in recent months have also affected workers in Bengaluru, India, and the company’s Canadian offices.

“We will be consolidating certain functions into fewer offices, including to our headquarters in Sunnyvale, California,” Yahoo said.

 

 

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China Will Get an ‘Understanding India’ Programme To Facilitate Cultural Exchange

"We would like to demystify the idea of India through this programme."

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India, China
PM Modi meets Xi Jinping, wikimedia commons

India plans to launch an “Understanding India” programme in China to “demystify” the country and create a better understanding of it.

Despite being immediate neighbours, India and China lack people-to-people contact and cultural exchange.

Indian Council of Cultural Relations President Vinay Sahasrabuddhe, who was in Beijing to attend the World Congress of Philosophy, said that by watching Bollywood and reading websites one can know India only superficially.

India and China on Saturday agreed on a joint economic project in Afghanistan, sources said after a two-day summit between Prime Minister Narendra Modi and Chinese President Xi Jinping here.
Representational Image, wikimedia commons

“India cannot be understood by simply reading books and visiting websites. India is an experience,” Sahasrabuddhe said.

“In most big countries like China, we are trying to have some kind of ‘Understanding India’ programme which will be a structural programme.”

The Rajya Sabha MP said that India was a “riddle” to the people outside because of its diversity and coexistence of masses despite the economic disparity in the country.

“We would like to demystify the idea of India through this programme,” Sahasrabuddhe added.

He also said the Indian cultural centres across the world that don’t have any name will be named after Indian monk Swami Vivekananda.

India, China
India is an experience

The cultural centre at the Indian Embassy in Beijing was named after the spiritual leader on Tuesday.

Also Read: Indian Art Forms in International Festivals Through Sands of Culture Series

“We respect everybody. There are Nehru centres; there are Mahatma Gandhi centres; there are Tagore centres but there are centres that did not have any names… so we thought it was fit to name all those under Swami Vivekananda because he symbolizes Indian culture in a multiple ways. He is an inspirational hero,” said Sahasrabuddhe.

There are 37 Indian cultural centres in the world. (IANS)

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