Amazon is selling parts of its cloud business in China for up to US$301 million
Wednesday, 15 November 2017 By Arjun Kharpal Beijing Sinnet Technology said Tuesday it would buy parts of Amazon’s cloud business in China for up to 2 billion yuan (US$301 million), but the U.S. e-commerce giant said it was not exiting the world’s second-largest economy. In August 2016, Amazon signed a deal to let Chinese tech firm Sinnet operate services provided by Amazon Web Services (AWS) in China. Sinnet said in a regulatory filing on Monday that the purchase, which is still pending, would help...
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