Amazon sells part of Chinese cloud computing business

Amazon's AWS business is reportedly pulling out of China

US e-commerce heavyweight Amazon.com will sell equipment for its Chinese cloud services to a local partner to comply with new laws that have tied the hands of worldwide operators reliant on the free flow of data. "As a result, in order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet".

"In order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet", a spokesman for the Amazon.com cloud-services unit said on November 14, adding AWS would still own the intellectual property for its services worldwide.

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Amazon will still possess the intellectual property for its AWS services.

Amazon Web Services (AWS) has sold some of its Chinese cloud assets in a bid to comply with increasingly strict regulations in the country.

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

Charlie Dai, a Beijing-based analyst at Forrester Research, feels that the move was necessary for AWS to improve its other business areas in the market. Microsoft has its Azure cloud services operating in partnership with 21Vianet Group, which is based in China. AWS runs a separate hardware venture in collaboration with the Ningxia provincial government in China's northwest, according to Reuters.

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Last year Amazon signed a deal with Sinnet so it could operate its services in China, most notably Amazon Web Services. The sale is meant to comply with government regulations and improve service, it said. Amazon's Chinese equivalent, Alibaba, leads the way having launched its own public cloud service in 2009 before expanding globally. Foreign firms there have long complained about local restrictions that appeared to favor domestic players. But like its peers, the company has had trouble making headway in China, which is dominated by local tech giants Alibaba and Tencent Holdings Ltd.

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