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Beijing Sinnet says it will buy Amazon Web Services’ China business

135 pointsby Bockitover 7 years ago

14 comments

gkanaiover 7 years ago
&quot;No, AWS did not sell its business in China and remains fully committed to ensuring Chinese customers continue to receive AWS’s industry leading cloud services. Chinese law forbids non-Chinese companies from owning or operating certain technology for the provision of cloud services. As a result, in order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet, its longtime Chinese partner and AWS seller-of-record for its AWS China (Beijing) Region. AWS continues to own the intellectual property for AWS Services worldwide. ‎We’re excited about the significant business we have in China and its growth potential over the next number of years.&quot;<p><a href="https:&#x2F;&#x2F;techcrunch.com&#x2F;2017&#x2F;11&#x2F;13&#x2F;aws-exits-china&#x2F;" rel="nofollow">https:&#x2F;&#x2F;techcrunch.com&#x2F;2017&#x2F;11&#x2F;13&#x2F;aws-exits-china&#x2F;</a>
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samspencover 7 years ago
Two things I take away from this.<p>1. Amazon decided that the risk of doing business in China (handing over information &amp; know-how to the government, helping it suppress the human rights of its citizens, etc) was not worth the revenue that it would make.<p>2. It sold for $300 million. That means its run-rate was probably only $50 million a year or so annually (or maybe less). That&#x27;s not very much at all, given that AWS&#x27; annual global business is about $10 billion and rising (so China&#x27;s cloud share accounted for less than 0.5% of AWS global cloud business.)
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netguy6over 7 years ago
I think WSJ misinterpreted this. Sounds like a bit of an ownership shift, but Sinnet will still pay AWS to operate the regions.
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kijikiover 7 years ago
Does this deal include datacenter&#x2F;HW designs? Software? Operational practices?<p>Seems like a pretty massive technology transfer.
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thisisitover 7 years ago
&gt; The buyout was an attempt to “comply with our country’s laws and rules and further improve the security and the service quality of the AWS cloud-computing service operated by the company,” Beijing Sinnet said.<p>This was long time coming:<p><a href="https:&#x2F;&#x2F;www.nytimes.com&#x2F;2017&#x2F;08&#x2F;01&#x2F;business&#x2F;amazon-china-internet-censors-apple.html" rel="nofollow">https:&#x2F;&#x2F;www.nytimes.com&#x2F;2017&#x2F;08&#x2F;01&#x2F;business&#x2F;amazon-china-int...</a><p>Though I wonder how are the acquiring companies funded? And if China can continue doing this long term.
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sandGorgonover 7 years ago
<a href="https:&#x2F;&#x2F;twitter.com&#x2F;Werner&#x2F;status&#x2F;930404501810438144" rel="nofollow">https:&#x2F;&#x2F;twitter.com&#x2F;Werner&#x2F;status&#x2F;930404501810438144</a><p><i>Reports that #AWS is exiting its China business are completely wrong. Sinnet transaction is to meet Chinese regulatory requirements. #AWS remains committed to provide its service in China.</i> - Werner Vogels
hooluupogover 7 years ago
What a misleading title.Beijing Sinnet is just a shell company of amazon china(The same as Guxiang which is a shell company of google in china).
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sk5tover 7 years ago
It may be worth pointing out that AWS China supports about 10% of the services one may find in other AWS regions--and not even basic features like MFA for root or IAM accounts.
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NicoJuicyover 7 years ago
AWS continues to own the intellectual property for AWS Services worldwide<p>Mmmm, does China care about who owns the intellectual property? That&#x27;s a first
sudhirjover 7 years ago
Looks like AWS finally realized their security offerings like encryption at rest, KMSes, ACM etc were incompatible with China&#x27;s datacenter laws. None of the AWS offerings would have any credibility if they all had backdoors even in one region. Think some of them can&#x27;t even be backdoored.
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wonderousover 7 years ago
Non-paywalled version: <a href="http:&#x2F;&#x2F;m.nasdaq.com&#x2F;article&#x2F;amazon-to-sell-china-cloud-services-unit-in-300-mln-deal-20171113-01544" rel="nofollow">http:&#x2F;&#x2F;m.nasdaq.com&#x2F;article&#x2F;amazon-to-sell-china-cloud-servi...</a>
gonyeaover 7 years ago
Yet another company driven out of China by government-industry collusion.
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directionlessover 7 years ago
A somewhat misleading headline. Only the &quot;Amazon Web Services&#x27; China business&quot;
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haliteover 7 years ago
I guess Jeff Bezos still need to learn few things from Jack Ma. Would be cool to read the inside stories.
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