Alibaba Cloud announces significant price reductions for products hosted on its offshore data centers, aiming to attract AI software developers amidst intensifying competition. This strategic move reflects Alibaba’s commitment to enhancing its global competitiveness and fostering innovation in the cloud computing sector.
8 April 2024 – Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba Group Holding, has announced significant price cuts of up to 59% for products hosted on its offshore data centers. This move comes amidst escalating competition to attract artificial intelligence (AI) software developers, with the cloud service provider aiming to enhance its competitiveness in the global market.
The price reductions, affecting computing, storage, network, database, and big data products, will see an average decrease of 23%, making Alibaba Cloud’s offerings more accessible to developers worldwide. Notably, this marks the third time in the past year that Alibaba Cloud has implemented price reductions, reflecting its commitment to remaining competitive in the rapidly evolving cloud computing landscape.
Alibaba’s initiative to lower prices underscores its strategic focus on attracting developers to leverage its cloud services for building data-intensive AI models and applications. By making its offerings more cost-effective, Alibaba Cloud aims to position itself as a preferred platform for developers seeking to harness the power of AI in their projects.
This move aligns with Alibaba’s broader strategy to expand its presence in the global cloud computing market and solidify its position as a leading provider of AI-powered solutions. With these price cuts, Alibaba Cloud continues to demonstrate its dedication to driving innovation and facilitating the development of cutting-edge technologies on a global scale. – ref: Reuters
