Amazon selling web services unit in China

Amazon selling web services unit in China”

Beijing Sinnet Technology said Tuesday it would buy parts of Amazon's cloud business in China for up to 2 billion Chinese yuan ($301 million), but the USA e-commerce giant said it was not exiting the world's second-largest economy. As a result, in order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet, its longtime Chinese partner and AWS seller-of-record for its AWS China (Beijing) Region. The statement also said AWS remains keeny interested in making its services available in China. "‎We're excited about the significant business we have in China and its growth potential over the next number of years".

TechCrunch contacted Amazon for comment but did no hear back at the time of writing. Sinnet said in the filing that the deal will help the service "comply with local laws and regulations and further improve service quality and security".

Amazon launched its web services business - better known as AWS - in China in 2014.

However, Amazon and other U.S. tech companies have been put under pressure in China to meet the government's need to further increase control over its already tight internet conditions.

The addition of new surveillance measures, along with a deeper assessment of cross-border data transfers are just some of the regulators' means to apply its tighter rules on foreign data and cloud services in China.

Amazon and Beijing Sinnet only tied the knot September 2016, when Sinnet took over AWS' Beijing bit barn and responsibility for operating and selling it. AWS provided tech smarts for the two-year deal.

The country's laws also make companies liable for content considered unsafe or offensive to socialist values.

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