Amazon agrees to sell some cloud assets to Chinese partner

A parcel moves on the conveyor belt at Amazon's logistics centre in Graben near Augsburg December 16, 2013. Workers at Amazon.com's German operations were set to go on strike on Monday, in the middle of the crucial Christmas holiday season, in a dispute over pay that has been raging for months. The Verdi union said workers would strike in Amazon's logistic centres in Bad Hersfeld and Leipzig and, for the first time, in Graben. REUTERS/Michaela Rehle (GERMANY - Tags: BUSINESS EMPLOYMENT)

BEIJING: 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 US$30bil.

Beijing Sinnet Technology Co will buy servers and other unspecified “operational assets” in the country’s capital from Amazon Web Services (AWS) for as much as 2 billion yuan (US$302mil), it said in a filing with the Shenzhen stock exchange. The sale is intended to comply with government regulations and improve service, it said.