Because of the rising barriers to doing business in China, Yahoo, the dot-com pioneer that is now part of Apollo Global Management Inc.'s media empire, is exiting the country.

“In recognition of the increasingly challenging business and legal environment in China, Yahoo’s suite of services will no longer be accessible from mainland China as of Nov. 1,” the company said in a statement Tuesday. “Yahoo remains committed to the rights of our users and a free and open internet. We thank our users for their support.”

Yahoo is following in the footsteps of Microsoft Corp.'s LinkedIn, a professional networking site. Final month, the company announced it was shutting down, making it the last major social media service in the United States to do so. LinkedIn said it made the decision because of "a much more demanding operating environment and more compliance requirements in China," which it entered in 2014.