Economic news

Amazon to sell its cloud services in China

Amazon.com Inc is preparing to sell the hardware from its public cloud services in China to its local partner, Beijing Sinnet Technology Co, for up to 2 billion yuan ($301 million).

According to Amazon Web Services, the decision was made to comply with Chinese tightening regulation over online data and cloud services.

Such IT-giants as Microsoft Corp, Oracle Corp and IBM Corp are also facing challenging situation in China in localizing their data storage units.



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