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.
Beijing Sinnet says it will buy Amazon Web Services’ China business
21–30 of 65 posts
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#22I think WSJ misinterpreted this. Sounds like a bit of an ownership shift, but Sinnet will still pay AWS to operate the regions.
Yes. You know media, they like big title.
Sinnet only buy the Beijing equipments to make them a national assets for the regulation compliance. AWS China to open another region very soon in Ningxia, which not included in the deal.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#23Non-paywalled version:
http://m.nasdaq.com/article/amazon-to-sell-china-cloud-servi...
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#24Two things I take away from this. 1. Amazon decided that the risk of doing business in China (handing over information & know-how to the government, helping it suppress the human rights of its citizens, etc) was not worth the revenue that it would make. 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's not very much at all, given that AWS'…
Number 1 is especially key, last 2 years US businesses have pulled out of China a lot because of really really sketch actions by the Chinese government. Doesn't hurt to use the totalitarian argument either, but mainly they are losing money. Goldman Sachs, Citigroup sold their stakes last year as well. China will likely start opening up more because Western companies aren't as naive anymore and short term profits for…
> China will likely start opening up more because Western companies aren't as naive anymore and short term profits for long term losses aren't much of an option anymore now that Chinese companies are well developed in all the tech and economies of scale.
Or: China will build local champions who can grow inside a protected region and then, once they have their playbook down and anfat balance sheet, they can go out and buy market share in other regions.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#25[deleted]
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#26Earlier quoted context omitted.
Looks like Bitcoin is the only "company" succeeding in China.
Disney will probably do ok with their new park, if only because it's only 43% owned by Disney. Apple and Starbucks are among the few still thriving, for now. GM is also still doing ok there, via a typical partial ownership arrangement. McDonald's and YUM! Brands threw in their towels, after initially having booming businesses.
Starbucks is also in a JV for tier one cities. They are pushing into second+ tier cities because the Chinese government is letting them do it outside a JV.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#27Earlier quoted context omitted.
Number 1 is especially key, last 2 years US businesses have pulled out of China a lot because of really really sketch actions by the Chinese government. Doesn't hurt to use the totalitarian argument either, but mainly they are losing money. Goldman Sachs, Citigroup sold their stakes last year as well. China will likely start opening up more because Western companies aren't as naive anymore and short term profits for…
> China will likely start opening up more because Western companies aren't as naive anymore and short term profits for long term losses aren't much of an option anymore now that Chinese companies are well developed in all the tech and economies of scale. Or: China will build local champions who can grow inside a protected region and then, once they have their playbook down and anfat balance sheet, they can go out and…
Without having to deal with international competition, it’s doubtful the local champions can do much outside of the mainland. It’s like how wechat is the biggest thing inside china, but also missing everywhere abroad outside of the Chinese tourist sector.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#28Two things I take away from this. 1. Amazon decided that the risk of doing business in China (handing over information & know-how to the government, helping it suppress the human rights of its citizens, etc) was not worth the revenue that it would make. 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's not very much at all, given that AWS'…
Number 1 is especially key, last 2 years US businesses have pulled out of China a lot because of really really sketch actions by the Chinese government. Doesn't hurt to use the totalitarian argument either, but mainly they are losing money. Goldman Sachs, Citigroup sold their stakes last year as well. China will likely start opening up more because Western companies aren't as naive anymore and short term profits for…
I mean, the game they play is really hard to fight against. It usually goes something like this:
* Attract western businesses to make investments based on various capital incentives. You are a free market, after all.
* Once they are established and comfortable, start imposing restrictions, stealing IP and undercutting foreign companies. Make life increasingly difficult, except for those companies which you really need to stay in the country (Apple etc).
* Eventually drive out foreign business because some domestic company has stolen the tech, gotten the market share and is willing to play back with the govt
Why play that game? You can't win. Why anyone invests anything other than manufacturing in China is beyond me.
If your entire product can be stolen via a USB drive (source code, proprietary manufacturing processes, IP in general) stay far, far away from Chinese businesses or China. They are playing to win in a very serious way.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#29Most likely it is fake news or at least misinterpreted by stupid reporter. I bet it is paperwork trick so AWS can work around local laws. Alipay did the same a few years ago. There is no way AWS can sold it’s cloud service. Let alone AWS is announcing second China region soon.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#30What 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).