Alibaba is cutting prices for over 100 core cloud products in China by up to 55%, and 20% on average, including data storage and elastic computing products (Bloomberg)

Bloomberg:

Alibaba is cutting prices for over 100 core cloud products in China by up to 55%, and 20% on average, including data storage and elastic computing products  —  – Alibaba is trying to stay ahead of competitors like Tencent  — Demand for cloud services is accelerating during an AI boom