November 18, 2017

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Amazon sells off China cloud assets as tough new rules bite

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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 operating in the world’s second-largest economy. Beijing Sinnet Technology Co Ltd, Amazon’s China partner, said in a filing late on Monday that it would buy the U.S. firm’s Amazon Web Services (AWS) public cloud computing unit in China for up to 2 billion yuan ($301.2 million).

Source:: https://finance.yahoo.com/news/amazon-sell-china-cloud-services-050139774.html

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