Beijing Sinnet Technology said Tuesday it would buy parts of Amazon's (NASDAQ: AMZN) cloud business in China for up to two billion Chinese yuan ($301 million U.S.), but the US e-commerce giant said it was not exiting the world's second-largest economy.
Amazon said that it will sell few physical assets only and own the intellectual property of Amazon Web services (AWS) worldwide. "We're excited about the significant business we have in China and its growth potential over the next number of years". It is recommending new security measures and increasing observation of cross-border data transfers. Sinnet will use the assets to operate Amazon cloud services within China.
Amazon announced its China AWS region back in December 2013, and noted at the time that, to comply with China's legal and regulatory requirements, it was working with local companies, including Sinnet, who would provide the necessary data centre infrastructure, bandwidth and network capabilities.
AWS has a separate hardware venture in partnership with the Ningxia provincial government in China's northwest. In China, regulations require Amazon to operate via a local partner before offering the services to customers.
Amazon's cloud business in China already faced tougher rules due to China's tight internet controls. Some U.S. -based trade groups say that China has repeatedly lent deaf ears to the requests by U.S. firms on giving access to Chinese markets just like the Chinese firms get in the U.S. However, the Trump administration has hardly done anything to address the issue.
Whereas the European Union sees foreign cloud services as a source of revenue - fining them billions whenever they can think up some legal infraction they may have committed - China is obliging foreign cloud service providers to sell their assets to China-based companies which come under state control.
China is in the process of strengthening its censorship apparatus - commonly known as the Great Firewall of China - and companies like Amazon appear to be furthering Beijing's ambitions in order to maintain a place in the local market.
Tampa officers said they are investigating a Tuesday morning shooting death which occurred at Caracas Street and Nebraska Avenue. Police said they believe October's shootings are linked by proximity and time frame, but they don't have a motive or a suspect.
The Creaky building is not safe for the people living around them SBUT participated in the auction says the spokesperson. After Dawood fled India, properties belonging to him and his associates were seized under the provisions of SAFEMA.
Police said they detained the suspect, 23-year-old Akash, who was pursuing Induja against her wishes for almost a month. He claimed to be in love with Indhuja but she turned down his advances, which angered him and he killed her.
The "zero-gravity" position inspired by NASA technology, giving a feeling of relaxation and weightlessness. Airbus now has a backlog of 100 A380s remaining to be delivered, 42 of which are for Emirates.
The ATMS instrument is the second flight model and is slated to fly on the first JPSS satellite in 2016. The launch of the Delta II rocket was scrubbed four minutes ahead of its scheduled liftoff at 1:47 a.m.
These encounters are taking place after security forces conducted cordon and search operations in the state, reports CNN-News18 . A soldier lost his life in the encounter between security forces and terrorists in Jammu and Kashmir's Kulgam region.
Despite showcasing its fair share of acclaimed shows, Amazon continues to lag behind Netflix in the war for streaming domination. It's not the first time a company has attempted to offer premium content using ads to replace a monthly subscription fee.
Justice League opens in theaters on November 17th, so don't forget to pre-order your tickets for opening weekend. This has been pretty much a thing since Batman v Superman: Dawn of Justice failed to live up to expectations.
His government says the police act in self-defense, but critics say executions are taking place with no accountability. Prime Minister Jacinda Ardern and Philippine President Rodrigo Duterte at the ASEAN Summit in Manila .
Sales at stores open for more than a year rose 7.9%, above the average analyst estimate of 5.9%, according to Thomson Reuters. Clearline Capital Lp decreased Hilton Grand Vacations Inc stake by 202,154 shares to 72,640 valued at $2.62M in 2017Q2.
Annapurna studios was established by Nageswara Rao Akkineni and at present, Akkineni Nagarjuna is the chairman of the same. Earlier in the day, another fire accident was reported at Ravindra Bharathi, a cultural centre, due to short circuit.
Momentum Stock: JC Penney Company Inc (JCP)
Penney Company Inc (NYSE:JCP) stock a Buy, 1 rate the stock Outperform, 18 rate Hold, 0 rate Underperform and 1 recommend a Sell. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Star Hero's 1.3 Crore Children's Day Gift To Son
Now you know what! the youngest Nawab of Pataudi family Taimur Ali Khan has got a special gift from his father Saif Ali Khan . Taimur is Saif Ali Khan and Kareena Kapoor's first child together.
Patrick J. Adams And Meghan Markle Are Leaving 'Suits'
The on-screen couple's exit have been confirmed by several websites including Deadline and The Hollywood Reporter . She loved being on the show, and we loved having her on the show, that's why we're doing the spinoff .
Google Doodle gives Children's Day a miss this year
These are a reference to the small circular bits of paper that are leftover after we punch holes in the sheets of papers. Meanwhile, single-hole punchers have been used by train conductors for decades as an easy way to validate tickets.
Pakistan spinner Ajmal to retire from cricket
He had picked 178 wickets in just 35 Test matches which included 10 five-wicket hauls and four 10-wicket hauls in the match. At the time he was banned, he was the No 1 ODI bowler in the world, and in the top ten of both Test and T20 rankings.
All you want to know
Airtel, Vodafone and Idea Cellular have similar tariffs, but they last just a month, which makes Jio's offers hard to turn down . This is identical to Jio's Rs. 1,999 plan, which also gives 125GB data and unlimited voice, SMS and roaming for 180 days.
Why is November 14th Celebrated as Children's Day in India?
Children's Day was first officially declared a national holiday by the Republic of Turkey in 1929 with the set date of 23 April. E-commerce major Amazon India has announced a Children's Day Kids Carnival from November 12 to November 14.