HomeNewsAmazon to hand over China cloud services unit in $300 million deal
Beijing Sinnet technology Co., Amazon.com Inc’s Chinese partner, said it would purchase the Amazon’s Chinese business of web services at the cost of 2 billion yuan( $301 million) finishing the U.S company’s cloud-computing business in the country.
In August 2016, Sinnet has began operating the Amazon services Said, Sinnet, which began operating the Amazon services in August 2016, said in a filing late on Monday the pending purchase would help the unit “comply with local laws and regulations and further improve service quality and security.”
It was heard that Amazon did not respond immediately to the request.
Regulators of China are hardening the rules of cloud services and foreign data, including increased scrutiny of cross-border web data transfers and surveillance measures.
In August month Sinnet told their customers it would start shutting down VPNs and rest services on its network that permits users to avoid China’s Great Firewall, citing direct orders from the government.
In recent years cloud services have become the extremely competitive field in China, with Alibaba group holding cloud unit opening over a million overseas data centers since 2016.