Homepage / Technology / Amazon expands its cloud presence in China as it battles the country's internet giants
The flip phone is about to make a big comeback as foldable screen nears reality Here is what a student could have made if they invested their 2014 summer earnings in FANG stocks VW names interim Audi boss, seeking to steady brand after its CEO's arrest Here’s the fundamental error in Trump’s trade strategy Chip stocks dive on trade war fears as industry gets a majority of its revenue from China New home construction booms to a near 11-year high in May A dangerous dot-com era phenomenon is back and it's going to inflict pain, Jim Paulsen warns Netflix gets a $500 price target, the highest on Wall Street Apple is the big tech firm most at risk from a US-China trade war AT&T promises fewer ads, tailored programming after merger with Time Warner Stocks making the biggest moves premarket: VZ, TSLA, AAPL, WFC, T, SIRI & more Billionaire Howard Marks: Computers won't put the best human investors out of business CVS introduces prescription drug delivery as it braces for Amazon's possible entry Former turnaround exec Bozoma Saint John: Uber was 'the poster child for everything gone wrong' Trump told Tim Cook that US would not place tariffs on iPhones, but Apple's still worried Amazon's Alexa will now be your butler at Marriott hotels Billionaire investor Jim Mellon: Sharp sell-off in US stocks is the start of a 'very major correction' South Africa will avoid a ‘knee-jerk’ reaction to currency weakness, central bank deputy says Dow futures tumble as China responds to latest Trump threat North Korea's Kim visits Beijing as South Korea and the US halt military drills 'Belligerent' US trade stance could hurt America's iconic companies the most, Jim O'Neill says Irish central banker says it's too early for the ECB to discuss future rate hikes All global currencies will become cryptocurrencies, Circle CEO says Abu Dhabi Financial Group unit offers to buy Abraaj's investment management arm Beijing subways could get facial recognition and palm scanning tech, Chinese media reports Roche agrees to pay $2.4 billion to buy the rest of Foundation Medicine Japanese e-commerce company Mercari surges more than 70% in Tokyo debut European markets seen sharply lower as Trump threatens new tariffs China's central bank delivers surprise stimulus as trade spat with US worsens Shares of China's ZTE sink 23% after US Senate targets company in new bill Has a US-China trade war begun? Experts weigh in North Korean leader Kim Jong Un is in China on a two-day visit: Chinese state media China pledges it will fight back firmly if Trump goes ahead and publishes list of additional tariffs Trump reportedly told Apple's Tim Cook that iPhones will be spared from China tariffs Smartphone maker Xiaomi to postpone mainland China listing until after Hong Kong IPO Asian shares poised to edge higher despite trade jitters; oil prices rise Senate passes military funding bill that would reimpose sanctions on Chinese telecom ZTE Cramer Remix: Tariff headlines have investors flocking to these stocks Cramer's warning on recent tech IPOs: Be careful with their sky-high valuations Elon Musk sends company email about 'extensive and damaging sabotage' by employee Elon Musk sent an email to Tesla employees about another fire in its factory on Sunday Microsoft condemns 'forcible separation' of children from families after criticism of work with ICE Snap CEO Evan Spiegel says even his wife, Miranda Kerr, hated the app’s redesign UBS CEO: Blockchain technology almost a must have for business Bitcoin jumps after New York approves Square's Cash app for crypto trading Apple is worried about Chinese tariff retaliation that could hamstring its supply chain Elon Musk tells shorts on Twitter they have 3 weeks to cover Watch these drones string power lines along poles high above the ground SurveyMonkey confidentially files for IPO President Trump signs space junk directive aimed at cleaning up the cosmos Dropbox rises more than 8% adding to last week's gains President Trump directs Defense Department to 'immediately begin the process' of establishing 'Space Force' as sixth military branch Elon Musk hung out in the Netscape lobby in the '90s hoping to get a job Square gets regulatory green light for cryptocurrency trading in New York Domo drops below billion-dollar valuation in lead-up to IPO Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt With Twitch, Amazon tightens its grip on live streams of video games This fitness app wants you to have a personal trainer in your pocket Intel shares fall after small Wall Street firm downgrades chipmaker, predicting slower growth Rent-A-Center shares surge 22% in single day on buyout Snap CEO Evan Spiegel on Facebook imitations: 'The innovators win in the long run' Amazon to add over 1,000 jobs in Ireland in country's biggest staff boost this year Supreme Court mulls Apple's App Store commissions in antitrust case JP Morgan says buy Micron into earnings due to ‘robust’ cloud computing spending Germany's Merkel given two weeks to reach EU deal on migrants Disney is expected to add cash to its bid for Twenty-First Century Fox assets: Sources How to play rising interest rates based on your age Microsoft acquires education start-up Flipgrid in latest challenge to Google BJ's Wholesale expects its IPO to price at $15 to $17 a share Don't even think about investing without a diversification strategy: Advisor Boeing sell-off looks like the beginning of a correction, technical analyst says Mass facial recognition boom led by the Chinese government will mean big money for Nvidia, UBS says Goldman Sachs still sees oil rallying over $80 despite market concerns over key OPEC meeting Disney shares downgraded to sell on concern the battle for Fox has placed company in an unwinnable situation Chipmaker Mellanox nears truce with activist investor Starboard over board seats Rates are on the rise, but don’t fear for the stock market — yet We’re seeing the greatest asset inflation bubble in 20 years, fund manager warns Apple will automatically share a user's location with emergency services when they call 911 Investors still love equities but ‘market fragility’ could be ahead in the second half of 2018 Munich prosecutors say Audi CEO arrested on risk he may suppress evidence Lufthansa in contact with Norwegian Air, CEO says Martin Sorrell's reign over the ad industry 'has not been that glorious' Immigration fight has handed Germany’s Merkel her ‘worst crisis’ in more than a decade British bank CYBG clinches $2.3 billion takeover of Virgin Money European markets seen lower as China-U.S. trade tensions intensify Magnitude 6.1 earthquake kills three people, shutters factories in Japan's Osaka Google places a $550 million bet on China's second-largest e-commerce player Chinese tech CEO: A trade war would hurt 'a lot of American brands' Top VC news: Adyen goes public, Toyota investing $1 billion in ride-hailing giant Grab Japan exports accelerate in May, trade protectionism remains a risk Asian shares poised to slip after escalation in US-China trade tensions Ford plans to revive long-vacant Michigan Central station as hub for its self-driving cars Apple's new iPhone software lets you create an animated version of yourself — here's how it works Veteran tech investor sees record tech rally failing, turns to financials Amazon's Whole Foods deal has sent some retailers into the arms of Google Drone giant DJI is building a new headquarters as a 'floating community' with a giant sky bridge Greek PM Alexis Tsipras survives no-confidence vote in parliament UK national health service to get $26.5 billion boost post-Brexit, PM Theresa May says Just the fear of a trade war is straining the global economy Elon Musk tells Tesla employees that 'radical improvements' are needed to hit quarterly targets

Technology

Amazon expands its cloud presence in China as it battles the country's internet giants

Amazon expanded its cloud footprint in China Tuesday in one of the fastest-growing but most competitive markets in the world.

The U.S. e-commerce giant said it partnered with Ningxia Western Cloud Data Technology Co (NWCD) to open its second Amazon Web Services (AWS) operating region in China. AWS is Amazon’s cloud computing arm.

Amazon will now have cloud services available to customers in the Ningxia region, which is south west of Beijing.

The Seattle, WA-based firm already has a cloud footprint in Beijing thanks to its partnership with Sinnet.

It’s difficult for American firms to enter China without a partnership. Through the relationships with these Chinese firms, Amazon is able to get its cloud products into China. NWCD offers AWS products to Chinese customers on behalf of Amazon.

Operating in China is not always easy, particularly for companies handling customer data. Last month, Amazon sold parts of its cloud business in China for up to 2 billion Chinese yuan ($301 million) to its partner Sinnet. In a statement at the time, Amazon said it sold “certain physical infrastructure assets” to “comply with Chinese law.”

China is a tough but potentially lucrative market for foreign cloud players. In the cloud services market, where Amazon is a player, Chinese operators account for around 80 percent of revenues, according to market research firm Synergy Research. But at the same time, public cloud spending in China grew 55.6 percent year-on-year in the first half of 2017, according to IDC, highlighting the potential of the market.

Amazon is battling local giants including Alibaba and Tencent.

“For years, AWS and our partners have had an enthusiastic base of customers in China, a country with one of the world’s largest and most dynamic cloud ecosystems,” Andy Jassy, CEO of AWS, said in a press release on Tuesday.

Amazon said it has “thousands of active customers in China already” such as Lenovo, Samsung Electronics and Xiaomi.

The company said that the Ningxia launch marks its seventh cloud region in Asia-Pacific.

Source: Tech CNBC
Amazon expands its cloud presence in China as it battles the country's internet giants

Comments are closed.