QUICK HIT: Amazon Says... "So Long China" (Sort Of)
Amazon is reportedly selling off the hardware from its public cloud operations in China, apparently as a result of tightening regulation over online data.
Beijing Sinnet Technology, Amazon’s China partner, revealed in a filing on Monday that it would acquire the U.S. firm’s Amazon Web Services (AWS) public cloud computing unit in China for approximately 2 billion yuan ($301.2 million).
AWS sold the physical infrastructure to Sinnet but will still own the intellectual property for its services.
Chinese government regulators implemented new surveillance measures and increased security of cross-border data transfers back in June 2017.
Sinnet recently announced to its customers that it would shut down VPNs and other services on its networks that allow users to get around China's famed Great Firewall citing instructions from the Chinese government.
Beijing Sinnet Technology, Amazon’s China partner, revealed in a filing on Monday that it would acquire the U.S. firm’s Amazon Web Services (AWS) public cloud computing unit in China for approximately 2 billion yuan ($301.2 million).
AWS sold the physical infrastructure to Sinnet but will still own the intellectual property for its services.
Chinese government regulators implemented new surveillance measures and increased security of cross-border data transfers back in June 2017.
Sinnet recently announced to its customers that it would shut down VPNs and other services on its networks that allow users to get around China's famed Great Firewall citing instructions from the Chinese government.
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