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Amazon Sells China Cloud Business as Online Controls Tighten
Amazon has agreed to sell its cloud computing business in China for about $300 million. The move is a response to the Chinese government's increasing control of the Internet and web services.
International companies are having to choose between the kind of compliance that requires them to give backdoor access to the Chinese authorities or to exit the country. Google previously quit the Chinese search-engine business in 2010 when it became clear that the government expected the company to conduct censorship on its behalf. But others are expected to fall into line. Apple, Microsoft, Oracle and IBM all have cloud computing businesses in China.
The e-commerce giant said Tuesday that it sold the infrastructure behind its Chinese public cloud business to its existing partner, Sinnet, in a deal valued at up to $300 million. Amazon Web Services will continue to own the company's intellectual property.