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Amazon Web Services denies reports of China exit
15 November 2017, 01:25 | Frank Carlson
Global Cloud Computing Market 2017-2022 : Amazon Web Services, Aliyun, Microsoft Azure, Google Cloud Platform and IBM
The 2 billion yuan (US$301.2 million) transaction was arranged in order to comply with national security laws that prevent non-Chinese companies from owning certain critical infrastructure assets, including those involved with the delivery of cloud services.
Beijing Sinnet Technology said Tuesday it would buy parts of Amazon's (NASDAQ: AMZN) cloud business in China for up to two billion Chinese yuan ($301 million U.S.), but the US e-commerce giant said it was not exiting the world's second-largest economy.
"In order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet", a spokesman for the Amazon.com cloud-services unit said on November 14, adding AWS would still own the intellectual property for its services worldwide.
The e-retailer added that it sold its physical assets of AWS to Sinnet in order to comply with the Chinese law.
Amazon said AWS continues to own the intellectual property for Amazon Web Services worldwide. Companies targeted by the regulations are required to carry out a security self-assessment or obtain approval from the relevant regulator before transferring the controlled data overseas.
Apple FaceID Tricked With $150 Mask Schiller, Apple's senior vice president of worldwide marketing, speaks on September 13 at the launch of the iPhone X . They also argued that this technology is not mature enough to guarantee complete security for the new smartphones.
In August Sinnet told customers it would begin shutting down VPNs and other services on its networks that allow users to circumvent China's Great Firewall, citing direct instructions from the government. Moreover, the deal would help to "comply with China's laws to further improve the company's AWS cloud services" based on quality and security. The sale is meant to comply with government regulations and improve service, it said.
With Alibaba's cloud services expanding rapidly, it looks as if China is resolved to sit on its own cloud.
Amazon's decision casts a shadow over similar ventures in the country.
China favors domestic firms over foreign ones with paternalistic policies. "The Chinese government is blatantly flaunting the rules of trade, including but not limited to their completely unreasonable rules on cloud computing".
All these tech giants face a tight regulatory environment in China, which could be the primary reason that AWS China is quickly toeing the line before any unpleasantness occurs.
Google responds to Missouri investigation
The FTC, though, did not bring the stronger antitrust charges that Google rivals such as Microsoft Corp. and Yelp Inc. sought. He says most people don't realize that Google builds individual user profiles of those who use the company's services.
3 students injured when auto deliberately rams group
At least three people were injured after a auto rammed into passers-by in Blagnac commune near Toulouse, southwest France. The incident happened about 4 pm local time, outside a business high school, le Lycée Saint-Exupéry, French media report.
Three US carriers lead naval drill aimed at N. Korea
His visit to Joplin came as President Donald Trump is continuing his tough talk against North Korea's nuclear ambitions. North Korea has conducted dozens of ballistic missile tests in defiance of United Nations sanctions.
School honors Veterans with program
In the first year, the school raised $650, the cost for one honor flight for a veteran of World War II, Korea or Vietnam. The students later broke out into groups meeting with each veteran to hear about their experience one-on-one.
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Tennessee Fires Butch Jones; Hoke Is Interim Coach
Hoke has been a head coach for 12 seasons, making stops at Ball State and San Diego State before arriving in Ann Arbor in 2011. Jones' firing comes one day after Tennessee (4-6, 0-6) fell 50-17 at Missouri for its fifth loss in its last six games.