Starting Wednesday, Alibaba cloud computing subsidiary will introduce price cuts for its products and services by up to 50%. Stepping up attempts to compete for a larger share of China’s cloud market amid mounting competition.
Prices for elastic computing services – the capacity to swiftly expand or decrease processing. Using Arm and Intel-based CPUs will drop by 15% to 20%. While services utilising Nvidia’s V100 and T4 graphics processing units will drop by 41% to 47%, according to the Alibaba Cloud website.
According to business news portal Securities Times, the price cuts are intended to increase Alibaba Cloud’s customer base and market penetration.
Alibaba Cloud was one of China’s first domestic cloud computing providers, and it now serves more than one-third of the Chinese market.
However, the corporation has experienced increasing competition from Chinese carriers such as China Unicom and China Telecom in recent years.
Alibaba Group Holding Ltd announced a six-way split for its business divisions in late March. Allowing Alibaba Cloud and other companies to raise money independently.
Separately, Alibaba announced on Wednesday that over 200,000 businesses have signed up for beta testing of Tongyi Qianwen. The company’s AI-powered broad language model. Registration for the service began in early April.
To improve workplace communications, Alibaba Group Holding has integrated its own ChatGPT-style service into DingTalk, the e-commerce giant’s enterprise collaboration app, highlighting Chinese Big Tech companies’ efforts to bring a variety of artificial intelligence (AI) offerings to market.
Alibaba Cloud, often known as Aliyun, is a subsidiary of Alibaba Group that provides cloud computing services. Alibaba Cloud offers cloud computing services to online enterprises as well as the Alibaba e-commerce ecosystem. Singapore is where its worldwide activities are registered and based.