Alibaba Cloud, the cloud computing arm of Alibaba Group, has announced that it is cutting prices by up to 50% for some of its core and storage products.


The move is aimed at helping customers reduce their costs and increase their efficiency.

The price cuts will apply to a range of Alibaba Cloud's services, including Elastic Compute Service (ECS), Object Storage Service (OSS), and Relational Database Service (RDS). The reductions will vary depending on the specific product and location, but in some cases, prices will be cut by as much as half.

The price cuts come as part of Alibaba Cloud's ongoing efforts to make its services more accessible and affordable for businesses of all sizes. The company has been expanding its range of services and features in recent years, and has been aggressively competing with other cloud providers like Amazon Web Services (AWS) and Microsoft Azure.

Alibaba Cloud has also been investing heavily in research and development, with a focus on emerging technologies like artificial intelligence (AI) and blockchain. The company recently launched a new AI-powered platform called ET Brain, which is designed to help businesses in China make more informed decisions.

In a statement, Alibaba Cloud's president, Simon Hu, said: "We are always looking for ways to help our customers save money and improve their operations. These price cuts are just one example of our commitment to providing world-class cloud services at affordable prices."

Alibaba Cloud currently operates in 22 regions around the world, with data centers located in Asia, Australia, Europe, and the Americas. The company has more than 2.3 million customers, including small and medium-sized enterprises, government agencies, and multinational corporations.

The price cuts are expected to take effect immediately, and will be available to both new and existing Alibaba Cloud customers.