Amazon to sell public cloud unit

Amazon.com 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.