Amazon sells off China cloud assets as tough new rules bite

The company is selling “certain physical infrastructure assets” of its Amazon Web Services (AWS) public cloud computing unit in China to Beijing’s Sinnet Technology Company for $301 million, reports CNBC. The move comes in response to tougher Chinese laws that require foreign firms to store data in the country. However, in a statement to TechCrunch, … Continue reading “Amazon is selling a big part of its business in China” The company is selling “certain physical infrastructure assets” of its Amazon Web Services (AWS) public cloud computing unit in China to Beijing’s Sinnet Technology Company for $301 million, reports CNBC. The move comes in response to tougher Chinese laws that require foreign firms to store data in the country. However, in a statement to TechCrunch, Amazon made clear that it still owned the intellectual property rights for AWS in China–and worldwide:Read Full Story

Amazon sells off China cloud assets as tough new rules bite

BEIJING (Reuters) - Amazon.com Inc is selling off the hardware from its public cloud business in China, amid tightening regulation over online data that is creating a hurdle for technology firms ...

Tue 14 Nov 17 from Reuters Technology

Amazonís AWS business is reportedly pulling out of China

 It looks like Amazon is removing itself from the Chinese cloud services industry on account of stringent new data laws that went live in the country earlier this year. The U.S. company ...

Tue 14 Nov 17 from TechCrunch

Amazon to sell China cloud services unit in $300 million deal

BEIJING (Reuters) - Amazon.com Inc's Chinese partner, Beijing Sinnet Technology Co., said it would purchase Amazon's Chinese web services business for up to 2 billion yuan ($301 million), ending ...

Tue 14 Nov 17 from Reuters Technology

Amazon is selling a big part of its business in China

The company is selling “certain physical infrastructure assets” of its Amazon Web Services (AWS) public cloud computing unit in China to Beijing’s Sinnet Technology Company ...

Tue 14 Nov 17 from Fastcompany Tech

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