Alibaba Cloud, the digital technology arm of the tech giant Alibaba, has announced a significant reduction in prices for its core cloud products aimed at international customers. The move is part of the company’s strategy to attract more users in the era of artificial intelligence, with price cuts of up to 59% on select products.
The price cuts cover five key public-cloud categories: compute, storage, network, database, and big data. On average, prices across these categories have been lowered by 23%, marking Alibaba Cloud’s commitment to making cloud infrastructure more affordable for AI development.
Selina Yuan, president of international business at Alibaba Cloud, emphasized the importance of cloud infrastructure in the future of AI and highlighted the company’s dedication to keeping the foundation for AI development cost-effective.
Alibaba Cloud’s decision to slash prices for international users follows a similar move earlier this year targeting domestic customers. The company’s revenue growth in the cloud sector has slowed in recent quarters, prompting these competitive pricing adjustments.
The cloud-services market in China is highly competitive, with Alibaba Cloud, Huawei Cloud, and Tencent Cloud leading the way. Alibaba Cloud’s focus on lowering prices for international customers underscores its commitment to remaining a key player in the cloud industry.
Overall, the price reductions by Alibaba Cloud reflect the company’s efforts to stay competitive and attract more users, particularly in the rapidly evolving landscape of artificial intelligence.
