From: China Money Network
Yimian Wu
Apple Inc announced that it will hand over its iCloud data storage services in mainland China to a state-owned company in Guizhou by the end of next month, due to regulatory concerns.
Apple’s move is another indication how foreign companies are adapting to Chinese cyber regulations. China’s cybersecurity laws forbid foreign companies from owning or operating certain technology for the provision of cloud services and requires foreign firms to store data within the country. Last November, Amazon sold some of its cloud related physical infrastructure assets to its Chinese partner Beijing Sinnet Technology.
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