Alibaba Cloud Slashes Prices to Spur Revenue Growth Before Possible IPO
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Alibaba Group Holding Ltd. slashed prices for its core cloud services by as much as 50% and offered free trials of some cloud products for as long three months, fueling competition in an already crowded market.
Through the price cut, Alibaba Cloud hopes to make the cost of its cloud services significantly lower than costs offered by other data centers, an Alibaba Cloud executive said. This would attract more cloud customers and help the operation achieve a larger scale, the executive said.
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