Ama­zon to sell public cloud unit

China Daily (Hong Kong) - - BUSINESS -

Ama­ Inc is sell­ing off the hard­ware from its public cloud busi­ness in China. Bei­jing Sin­net Tech­nol­ogy Co Ltd, Ama­zon’s China part­ner, said in a fil­ing late on Mon­day that it would buy the US firm’s Ama­zon Web Ser­vices public cloud com­put­ing unit in China for up to 2 bil­lion yuan ($301.2 mil­lion). “In or­der to com­ply with Chi­nese law, AWS sold cer­tain phys­i­cal in­fra­struc­ture as­sets to Sin­net,” an AWS spokesman said on Tues­day, adding AWS would still own the in­tel­lec­tual prop­erty for its ser­vices world­wide.

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