BEIJING :E-commerce and tech giant Alibaba's cloud computing division will cut prices for its products and services by up to 50 per cent starting Wednesday, stepping up efforts to fight for a bigger slice of China's cloud market amid rising competition. According to Alibaba Cloud's website, prices for elas
BEIJING :E-commerce and tech giant Alibaba's cloud computing division will cut prices for its products and services by up to 50 per cent starting Wednesday, stepping up efforts to fight for a bigger slice of China's cloud market amid rising competition.
The price cuts are aimed at expanding Alibaba Cloud's user base and market penetration, business news outlet Securities Times reported on Wednesday. However, in recent years the company has faced intensifying competition from Chinese carriers including China Unicom and China Telecom.
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