Beijing Sinnet says it will buy Amazon Web Services’ China business
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Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#2Yet another company driven out of China by government-industry collusion.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#3Uh oh
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#4Yet another company driven out of China by government-industry collusion.
Looks like Bitcoin is the only "company" succeeding in China.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#5> The buyout was an attempt to “comply with our country’s laws and rules and further improve the security and the service quality of the AWS cloud-computing service operated by the company,” Beijing Sinnet said.
This was long time coming:
https://www.nytimes.com/2017/08/01/business/amazon-china-int...
Though I wonder how are the acquiring companies funded? And if China can continue doing this long term.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#6A somewhat misleading headline. Only the "Amazon Web Services' China business"
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#7Yet another company driven out of China by government-industry collusion.
It's the playbook. They need competition to drive improvement of their local blessed firm. Once they are globally competitive they can compete internationally and monopolize the China market.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#8Two 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' annual global business is about $10 billion and rising (so China's cloud share accounted for less than 0.5% of AWS global cloud business.)
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#9I guess Jeff Bezos still need to learn few things from Jack Ma. Would be cool to read the inside stories.
Re: Beijing Sinnet says it will buy Amazon Web Services’ China business
#10A somewhat misleading headline. Only the "Amazon Web Services' China business"
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