AWS Sells Chinese Cloud Assets Amid Tightening Regulations

Amazon's AWS business is reportedly pulling out of China

The company's Chinese partner, Beijing Sinnet Technology co, has purchased the assets for $300 million but Amazon will retain the intellectual property.

A spokesperson for AWS said Tuesday that to comply with the laws in China, AWS sold some physical infrastructure assets to its partner Sinnet, adding that AWS would remain the owner of intellectual property for its worldwide services.

Beijing Sinnet Technology said Tuesday it would buy parts of Amazon's cloud business in China for up to 2 billion Chinese yuan ($301 million), but the USA e-commerce giant said it was not exiting the world's second-largest economy.

The U.S. ecommerce giant signed a deal to allow Sonnet use AWS services in China in August 2016.

Amazon is committed to establish in China, and is looking forward for significant business opportunities and growth potential for the next few years.

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Chinese regulators are tightening rules on foreign data and cloud services, including new surveillance measures and increased scrutiny of cross-border data transfers.

"Chinese law forbids non-Chinese companies from owning or operating certain technology for the provision of cloud services", the USA firm said.

Laws that took effect during June require companies to store their data locally.

Amazon announced its China AWS region back in December 2013, and noted at the time that, to comply with China's legal and regulatory requirements, it was working with local companies, including Sinnet, who would provide the necessary data centre infrastructure, bandwidth and network capabilities. AWS runs a separate hardware venture in collaboration with the Ningxia provincial government in China's northwest, according to Reuters.

Amazon and other US companies, including Apple Inc., have faced pressure in China to comply with the government's desire to further tighten the screws on its already heavily policed internet. Sinnet said in the filing that the deal will help the service "comply with local laws and regulations and further improve service quality and security". Microsoft operates its Azure cloud services unit in partnership with China-based 21Vianet Group.

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