Overview

• Alibaba Cloud reduces prices by up to 36% for Elastic Compute Service and up to 55% for object storage in mainland China, with discounts applying to multi-year commitments.
• Database as a service costs are cut by up to 40%, and a free traffic allowance is increased from 10 to 20 gigabytes.
• The price cuts are part of Alibaba's effort to encourage the adoption of cloud and AI technologies among local businesses and developers.
• Alibaba Cloud's price reduction campaign is seen as a response to intensifying competition and a bid to attract heavy users, including AI software developers.
• The move is expected to lower the threshold for cloud services, making advanced public cloud services more inclusive and accessible across various industries in China.