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(Bloomberg) — Amazon.com Inc. agreed to sell some of its Chinese cloud assets to its local partner but said it's committed to a domestic market for internet-based computing that could be worth $30 billion.
Beijing Sinnet Technology Co. will buy servers and other unspecified "operational assets" in the country's capital from Amazon Web Services for as much as 2 billion yuan ($302 million), it said in a filing to the Shenzhen stock exchange. The sale is intended to comply with government regulations and improve service, it said.
Amazon's business in China has been hollowed out by the rise of local rival Alibaba Group Holding Ltd., which has come to dominate e-commerce and is expanding in cloud computing with new data centers. Amazon, the global leader in internet computing, is vying for a slice of domestic spending on cloud services and gear that IDC estimates will reach $30 billion by 2021. But the U.S. company has to deal with laws introduced this year that mandate the storage of data within the country and bolster government control over the movement of information.
On Tuesday, the e-commerce giant rejected media reports tying its asset sale to an imminent departure from the Chinese market. It said instead it was selling hardware to comply with laws that forbid ownership or operation of certain types of cloud technology.
"AWS did not sell its business in China and remains fully committed," the company said in an emailed statement. "We're
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Cloud computing companies in the U.S. could lose more than $10 billion by 2020 as a result of the Trump administration's reputation regarding data privacy, according to Swiss hosting company Artmotion.
A whitepaper published by Artmotion suggests that growth rate in U.S. cloud revenue relative to the rest of the world will decline significantly more than previously forecast by IDC.
See also: Tech Goes From White House to Doghouse in Trump's Washington
IDC's Worldwide Public Cloud Services Spending Guide predicts that the U.S. will account for 60 percent of cloud revenue worldwide to 2020. The same research, however, suggests revenue growth in the U.S. will be lower than that in all seven other regions analyzed by IDC, and according to Artmotion does not take into account the sharply falling confidence businesses have in the capacity of U.S. companies to protect the privacy of data in the cloud.
"While these figures may be concerning for U.S. service providers already, they don't take full account of the scale of the disapproval of President Trump's actions since taking office," according to Mateo Meier, CEO of Artmotion.
Artmotion's own research shows that half of U.S. and U.K. citizens feel online data privacy is less secure under President Trump. Further, 24 percent are most concerned about their own government, while only 20 percent consider the Russian government most concerning, and 15 percent fear the Chinese government. Both Russia and
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The ministry of electronics and IT said earlier this month that it was focusing on “securing Indian cyberspace” and its digital infrastructure.

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