Finance

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.




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.


  • Star Wars' Millennium Falcon parked near golf course in England

    Star Wars' Millennium Falcon parked near golf course in England

    Han Solo's spacecraft has been snapped on Google's satellite, near Longcross studios in Surrey, ahead of the next instalment. The Falcon is just off the M3, near Longcross Studios.
    Holly Golightly wouldn't approve of real-life breakfast at Tiffany's

    Holly Golightly wouldn't approve of real-life breakfast at Tiffany's

    High tea, featuring a variety of hot tea options and a spread of finger sandwiches, is $49. Even the salt and pepper shakers come in white and Tiffany blue.
    Moore: Allegations 'Hurt Me Personally'

    Moore: Allegations 'Hurt Me Personally'

    Jerry Moore said , "he knows. that the allegations against Roy Moore are not true, not true at all", Savidge reported . As of Friday morning, the senators' pictures still appear on the online link to Moore's fundraising appeal.
  • Carrie Underwood injured in fall outside her Nashville home, suffers broken wrist

    Carrie Underwood injured in fall outside her Nashville home, suffers broken wrist

    Carrie Underwood fans wish to see her at the concert but because of getting injured Underwood need to stay at home. "On Friday night, Carrie Underwood took a hard fall on some steps outside her home", her rep said .
    Brakes on odd-even in Delhi as NGT rejects exemptions

    Brakes on odd-even in Delhi as NGT rejects exemptions

    To this, the Delhi Government stated that this couldn't be said as of now. "The odd-even will go on". It also directed the Delhi government to ban on the construction works that are going in the city.
    Morocco knock out Ivory Coast to break 20 year drought

    Morocco knock out Ivory Coast to break 20 year drought

    Nabil Dirar scored the opener in the 25th minute with an inswinging cross that went untouched through the box and entered the net. Tunisia and Morocco have completed the roster of teams that would represent Africa at the Russian Federation 2018 World Cup .
  • Russian Federation  uses video game pictures to claim United States  helped Isil

    Russian Federation uses video game pictures to claim United States helped Isil

    The statement wasn't even fully cropped out of the images that Russian Federation tweeted. Instead, it came from the smartphone game AC-130 Gunship Simulator: Special Ops Squadron.
    Multiple people stabbed at the mall in botched robbery

    Multiple people stabbed at the mall in botched robbery

    A 20-year-old suspect, whose name hasn't been released, is in custody, Bloomington Police said in a statement on Twitter . I knew something was not right", Situma wrote. "My daughter could see people lying on the ground who had been stabbed".
    MMA Personalities React To Conor McGregor Frenzy At Bellator 187

    MMA Personalities React To Conor McGregor Frenzy At Bellator 187

    The Bellator 187 event took place Friday evening in Dublin and is scheduled to air on tape delay in the USA on Spike TV. While the matchup seems to be made, negotiations are in place with McGregor's team and the UFC.
  • IPhone X Has Green Line Display Problem

    Majority users who have reported about the green line confirm that it runs from top to bottom on either side of the screen. At the time, Apple outlined a temporary fix for the problem on its website.
    Another Trilogy: Disney Continues Its Star Wars Fixation

    Another Trilogy: Disney Continues Its Star Wars Fixation

    Soon fans will be able to check out Johnson's Star Wars: The Last Jedi when it hits US theaters on December 15, 2017. Lucasfilm hasn't yet revealed when the new trilogy will begin.

    Twitter doubles display name character count to 50

    In September, the social media site tested the new character limit with some select users, namely high-profile accounts. Now, the company has announced that there are now more than twice as many characters to play with.