JD.com Joins Cloud Computing Price War After Alibaba’s Steep Cuts

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JD.com’s Feb. 29 declaration of a cloud price war in response to Alibaba’s plans to slash fees

(Bloomberg) — JD.com Inc. took less than a day to respond to Alibaba Group Holding Ltd.’s price cuts in cloud computing services with its own sharp reductions, an aggressive round of competition that will benefit customers and erode profits at China’s leading technology companies.

Alibaba began slashing prices by as much as 55% on more than 100 services Thursday in a bid to win back customers in the hotly contested market.