Deals
Amazon Agrees to Sell Some Cloud Assets to Chinese Partner
- The global cloud leader says still committed to China
- The sale was intended to comply with local regulations
This article is for subscribers only.
Amazon.com Inc. agreed to sell some of its Chinese cloud assets to its local partner but said it’s committed to a domestic market for internet-based computing that could be worth $30 billion.
Beijing Sinnet Technology Co. will buy servers and other unspecified “operational assets” in the country’s capital from Amazon Web Services for as much as 2 billion yuan ($302 million), it said in a filing to the Shenzhen stock exchange. The sale is intended to comply with government regulations and improve service, it said.