Ama­zon sells off China cloud as­sets as tough new rules bite

Business Standard - - WORLD -

Ama­ is sell­ing off the hard­ware from its pub­lic cloud busi­ness in China, amid tight­en­ing reg­u­la­tion over on­line data that is cre­at­ing a hur­dle for tech­nol­ogy firms op­er­at­ing in the world's sec­ond-largest econ­omy. 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 (AWS) 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. Chi­nese reg­u­la­tors are tight­en­ing rules on for­eign data and cloud ser­vices, im­ple­ment­ing new sur­veil­lance mea­sures and in­creas­ing scru­tiny of cross-bor­der data trans­fers.

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