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.