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Amazon Agrees to Sell Some Cloud Assets to Chinese Partner

Amazon Agrees to Sell Some Cloud Assets to Chinese Partner

"AWS continues to own the intellectual property for AWS services worldwide".

Beijing Sinnet Technology said that it would buy a part of Amazon's cloud computing business in China for up to 2 billion Chinese yuan ($301 million) on November 14.

In a regulatory filing on Monday, Sinnet said the purchase would help it to "comply with China's laws to further improve the company's AWS cloud services" in terms of quality and security. Thus, to comply with the Chinese law, it sold "certain physical infrastructure assets" to Sinnet, who has been operating the Amazon services since August 2016.

Amazon is committed to establish in China, and is looking forward for significant business opportunities and growth potential for the next few years.

Amazon isn't the only one to make decisions based off a desire to stay in China. Sinnet will use the assets to operate Amazon cloud services within China.

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AWS has another hardware venture with the provincial government in Ningxia located in the northwest region of China.

Amazon's China based cloud business already had been facing tough rules due to the tight controls China has on the internet.

Last year Amazon signed a deal with Sinnet so it could operate its services in China, most notably Amazon Web Services.

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. The rule makes it hard to use data globally, greatly complicating operational strategies for many overseas companies, and countries including the US have voiced concerns about the legislation's enforcement. Foreign firms there have long complained about local restrictions that appeared to favor domestic players.

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