Amazon Web Services denies reports of China exit

Is all that other stuff you are doing really important?. If it's not frankly stop doing it. Image ALotOfPeople Getty Images  iStock

Amazon's business in China has been hollowed out by the rise of local rival Alibaba Group Holding Ltd., which has come to dominate e-commerce and is expanding in cloud computing with new data centers.

Amazon has been forced by new regulations passed in June to sell its China-based AWS assets to Beijing Sinnet Technology for $300 million.

According to press reports, Amazon is only selling "certain physical assets" and the deal will allow Sinnet to better comply with Chinese laws.

Apple, Facebook and Google have all made similar choices, some which show they are essentially selling out to China, a country with a lack of freedoms when it comes to the internet, the natural foundation of these tech companies' operations and services.

"AWS did not sell its business in China and remains fully committed to ensuring Chinese customers continue to receive AWS's industry leading cloud services", the statement read. Sinnet will use the assets to operate Amazon cloud services within China.

"‎We're excited about the significant business we have in China and its growth potential".

Calls to Sinnet's investor relations office went unanswered.

Amazon controlled over 40 per cent of the global market for public cloud services in 2016, well ahead of Microsoft Corp and Alibaba, according to Gartner estimates. Foreign firms have repeatedly complained about the biased regulations in China that favor the local companies. The rule makes it hard to use data globally, greatly complicating operational strategies for many overseas companies, and countries including the USA have voiced concerns about the legislation's enforcement.

AWS launched in China back in 2013, partnering with both ChinaNetCenter and Sinnet at launch.

"Amazon is definitely not giving up on China, in fact they're going to be even bigger here" because of plans to build another datacenter, she said, Bloomberg reported.

Related news:

Hot News

isis-killer-beheading-video-story-top Carrie Underwood Recovering From Broken Wrist After Falling at Home
Nov 14, 2017 - 01:26
She wound up in hospital with a few cuts and bruises, as well as a broken wrist which caused her to cancel her Sunday show. National Hockey League star and Carrie Underwood's husband Mike Fisher had gone to Nashville to look after her.

isis-killer-beheading-video-story-top European Union member states sign joint notification on deepening defense cooperation
Nov 14, 2017 - 01:23
Britain, which is leaving the European Union in 2019, and Denmark with a defense opt-out were among those not taking part.

isis-killer-beheading-video-story-top North Korea denounces Trump's Asia tour as a 'warmonger's visit'
Nov 14, 2017 - 01:13
South Korea and the United States were also conducting joint military drills in the East Sea utilizing three US aircraft carriers. South Korean soldiers ride on an armored vehicle during a South Korea/United States combined training exercise at the U.S.

isis-killer-beheading-video-story-top IPhone X users complaint FaceID getting slower with time
Nov 14, 2017 - 01:13
Apple said that its Face ID will continually learn by constantly taking selfies of its owner to create a very detailed profile. Bkav's custom mask is a mix of 3D printing with special processing done around cheeks and around the face.

isis-killer-beheading-video-story-top Pak-WI to play bilateral T20I series for next five years
Nov 13, 2017 - 02:06
The tour was initially supposed to happen in November this year but has had to be rescheduled due to unforeseen circumstances. The West Indies was due to visit Pakistan this month, but Sethi said heavy smog in Lahore made organization hard .

isis-killer-beheading-video-story-top Macron Urged to Be Fair, Have Foresight
Nov 13, 2017 - 02:04
Iran denies the allegations and says its missiles are needed for self-defense and that its nuclear program has purely peaceful aims.

isis-killer-beheading-video-story-top Newscaster Uses Taylor Swift Song Titles to Tell the Traffic, She Responds!
Nov 13, 2017 - 02:03
Yesterday, Swift kept the momentum going, performing on Saturday Night Live for the first time in almost a decade. Swift, 27, is known for using her love life for inspiration without ever directly naming names.

isis-killer-beheading-video-story-top Trump lands in Philippines, offers to mediate on S.China Sea
Nov 13, 2017 - 02:02
Hundreds of protesters staged a rally in central Manila yesterday to protest against the visit of US President Donald Trump for a regional meeting.

isis-killer-beheading-video-story-top 1st LD Writethru: 14 die as boat capsizes in southern India
Nov 13, 2017 - 02:00
They said that the passengers were stuck beneath the boat and despite having the life jackets they were struggling to come out. One of the deceased was identified as Prabhakar Reddy, a former president of the BJP Prakasam district unit.

isis-killer-beheading-video-story-top OnePlus 5T leaked in full ahead of the launch
Nov 13, 2017 - 01:37
There are also two versions of the OP5T, one with 6GB of RAM and 64GB of storage and one with 8GB of RAM and 128GB of storage. From the looks of it, the OnePlus 5T is likely to have a similar RGB + Monochrome setup as Huawei's latest flagship devices.

isis-killer-beheading-video-story-top China's Toutiao buys teens social video app Musical.ly in latest expansion
Nov 12, 2017 - 02:26
Its parent company was valued at more than US$20 billion, a person familiar with the matter said, on par with Elon Musk's SpaceX. Bloomberg has reported it is also looking to make interactive content for a younger audience.

isis-killer-beheading-video-story-top Millennium Falcon is hiding in plain sight on Google Earth
Nov 12, 2017 - 02:25
The Falcon is hidden from ground-level spies by multicolored shipping containers, but its distinctive shape is evident from above. The Millenium Falcon kept under wraps in a field in Surrey, England (courtesy of Google Earth).

isis-killer-beheading-video-story-top You can now eat breakfast at Tiffany's in real life
Nov 12, 2017 - 02:25
The newly designed space is part of a recent renovation to the fourth floor of the famed jewelry store. Breakfast is a flat $29 per person and $39 at lunch - botincluding a starter and main course.

isis-killer-beheading-video-story-top Week 11's best top-10 showdown?
Nov 12, 2017 - 02:20
However, at the time, no one truly appreciated the game for what it was - a matchup between two of the best teams in the country. No. 12 Michigan State at No. 13 Ohio State; No. 20 Iowa at No. 8 Wisconsin; and No. 2 Alabama at No. 16 Mississippi State .

isis-killer-beheading-video-story-top Three US supercarriers to conduct joint drills in waters off Korean peninsula
Nov 12, 2017 - 02:11
Also on Saturday, the US and South Korean navies launched four days of joint drills off the east coast of South Korea. The USS Ronald Reagan aircraft carrier arrives in the South Korean port city of Busan on October 21, 2017.