From Nasdaq: 2024-04-11 11:13:00

Alibaba cuts global cloud prices by up to 59%, aiming to boost market share. Market share to expand with an average reduction of 23% across five categories for customers outside China. Discounts available in 13 regions like Japan, U.A.E., and Germany, aligning with strategy to leverage generative AI technology for growth.

Alibaba faces fierce competition from Amazon, Microsoft, and Google in the global cloud market. Leading players like Amazon Web Service, Microsoft Azure, and Google Cloud enhancing cloud offerings with generative AI. Despite price cuts, Alibaba must contend with the expanding data center networks and cloud regions of its competitors for market share.



Read more at Nasdaq: Alibaba (BABA) to Boost Global Cloud Reach With Price Cut Move