Amazon to Sell Part of Its Cloud Business in China

Amazon.com Inc.’s cloud-computing service is throwing in the towel in China.

Beijing Sinnet Technology Co., Amazon’s Chinese partner, said in a stock-exchange statement late Monday that it will buy Amazon Web Services’ China business for as much as 2 billion yuan ($300 million).

The buyout was an attempt to “comply with our country’s laws…

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via WSJ.com: Technology http://on.wsj.com/2jyWrmB

November 14, 2017 at 03:12AM