The company is selling “certain physical infrastructure assets” of its Amazon Web Services (AWS) public cloud computing unit in China to Beijing’s Sinnet Technology Company for $301 million, reports CNBC. The move comes in response to tougher Chinese laws that require foreign firms to store data in the country. However, in a statement to TechCrunch, …
Continue reading “Amazon is selling a big part of its business in China”
The company is selling “certain physical infrastructure assets” of its Amazon Web Services (AWS) public cloud computing unit in China to Beijing’s Sinnet Technology Company for $301 million, reports CNBC. The move comes in response to tougher Chinese laws that require foreign firms to store data in the country. However, in a statement to TechCrunch, Amazon made clear that it still owned the intellectual property rights for AWS in China–and worldwide: