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14 November 2017, 06:04 | Cesar Cruz
Amazon surrenders cheapest bit of Chinese cloud
Reuters today reported that Amazon is going to sell its AWS cloud services unit in China to its partner Sinnet Technology in a $300 million deal.
The e-retailer added that it sold its physical assets of AWS to Sinnet in order to comply with the Chinese law.
AWS admitted it's selling "certain physical infrastructure assets" to Sinnet, its seller-of-record in the country, as it denied reports that it was pulling out of China. "We're excited about the significant business we have in China and its growth potential".
Chinese regulators are strengthening the rules on foreign data and cloud services. AWS is significantly ahead of the competition across the world, but in China it must operate via local partners due to regulation. In August, Sinnet told customers it would shut down VPNs and other services on its networks that allow users to circumvent China's so-called Great Firewall system of censorship, citing direct instructions from the government.
Whereas the European Union sees foreign cloud services as a source of revenue - fining them billions whenever they can think up some legal infraction they may have committed - China is obliging foreign cloud service providers to sell their assets to China-based companies which come under state control.
Amazon has sold some of its cloud computing infrastructure in China to its local partner in a deal worth $300m, a move it said was necessary in order to comply with the country's tech regulations. Companies targeted by the regulations are required to carry out a security self-assessment or obtain approval from the relevant regulator before transferring the controlled data overseas.
Global firms in China, including Apple Inc, have this year transferred data to Chinese ventures overseen by local authorities.
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