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Amazon sells AWS public cloud unit in China to comply with data storage rules

Tuesday 14 November 2017 | 12:46 CET | News
Amazon has agreed to sell its Amazon Web Services (AWS) public cloud computing unit in China to Beijing Sinnet Technology for up to CNY 2 billion (about USD 301.2 million, in order to comply with Chinese laws, Reuters reported, citing a filing from Beijing Sinnet. An AWS spokesperson told the publication that AWS would still own the intellectual property for its services worldwide and that it was "excited" about the growth potential for its remaining business in China.

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Categories: Internet
Companies: Amazon
Countries: China
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