Amazon sells part of Chinese cloud computing business

15 November, 2017, 01:23 | Author: Valerie Burke
  • Is all that other stuff you are doing really important?. If it's not frankly stop doing it. Image ALotOfPeople Getty Images  iStock

Amazon Web Services (AWS) has sold some of its Chinese cloud assets in a bid to comply with increasingly strict regulations in the country.

Amazon has been forced by new regulations passed in June to sell its China-based AWS assets to Beijing Sinnet Technology for $300 million.

Furthermore it adds additional restrictions on cross-border data transfers.

Apple, Facebook and Google have all made similar choices, some which show they are essentially selling out to China, a country with a lack of freedoms when it comes to the internet, the natural foundation of these tech companies' operations and services.

This would naturally make life extremely hard for technology firms and their worldwide customers.

According to Synergy, 80% of China cloud services are provided by China companies and about 50% of China based data centres are owned by China-based organisations. It also has plans for a new region in Hong Kong to serve the Asian market.

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Amazon Web Services confirmed in a statement reported by WSJ that this move was meant to meet compliance requirements in China. Sinnet will use the assets to operate Amazon cloud services within China.

In a statement to TechCrunch, the online retail giant said it is not parting ways with its business in China, and will continue to offer the industry-leading cloud services to its customers in China.

Amazon is committed to establish in China, and is looking forward for significant business opportunities and growth potential for the next few years.

Sinnet said in a regulatory filing on Monday that the purchase, which is still pending, would help it "comply with China's laws to further improve the company's AWS cloud services" in terms of quality and security.

Amazon controlled more than 40 percent of the global market for public cloud services in 2016, well ahead of Microsoft Corp. and Alibaba, Gartner estimates.

Quiz: What do you know about China and IT?

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