Yahoo is closing its research and development centre in Beijing . The move is expected to affect between 200 and 300 employees . Centre is one of three global Yahoo research centres and opened in 2009 . Yahoo sold its Chinese operations to Alibaba Group in 2005 . Boss Marissa Meyer plans to spin off its Alibaba holdings valued at $ 52 per cent .
Yahoo is closing its research and development centre in Beijing . The move is expected to affect between 200 and 300 employees . Centre is one of three global Yahoo research centres and opened in 2009 . Yahoo sold its Chinese operations to Alibaba Group in 2005 . Boss Marissa Meyer plans to spin off its Alibaba holdings valued at $ 32bn .