Amazon has sold some of its cloud computing infrastructure in China to its local partner in a deal worth $300m, a move it said was necessary in order to comply with the country’s tech regulations.
The company confirmed that it has sold off its Amazon Web Services (AWS) infrastructure to Sinnet, its local technology partner. According to Reuters the deal is worth up to 2 billion yuan — around $301m.
In a statement Amazon emphasised that it had not sold its business in China, saying that it “remains fully committed to ensuring Chinese customers continue to receive AWS’s industry leading cloud services”.
