Alibaba Cloud halves prices of core, storage products for competitive China market

Alibaba Cloud halves prices of core, storage products for competitive China market

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China, January 5, 2021. REUTERS/Thomas Peter

E-commerce and tech giant Alibaba‘s cloud computing division will cut prices for its products and services by up to 50% starting Wednesday, stepping up efforts to fight for a bigger slice of China’s cloud market amid rising competition.