China's Alibaba Cloud cuts prices in bid to lure customers
Alibaba - China's equivalent to AWS - is bucking the global trend and cutting the cost of its cloud services instead of hiking them, but the bad news for potential takers is that only customers in China will benefit.
The Cloud subsidiary of Alibaba - one of the world's largest e-commerce operations - is making cuts of up to 50 percent to the cost of some tech services, apparently in a grab for market share, ahead of a possible IPO.the price cuts will cover some Elastic Compute Service , Object Storage Service , network, database, Content Delivery Network , and security products available in the Chinese market.
A spokesperson said the decision was"in line with Alibaba Cloud's commitment to making computing power more inclusive," and that"this large-scale price reduction is to return more technological dividends to customers and partners, to continue to reduce the cost of using the cloud and expand the market space of the cloud."
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