Daily Tech Roundup: Alibaba Cloud Discounts Herald New Price War

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A visitor greets a mascot at Alibaba Cloud’s booth at an industry event in Hangzhou, East China’s Zhejiang province, in October 2021. Photo: VCG

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

Alibaba Cloud price cuts herald new price war

China’s public cloud market is in the early stages of another price war. Alibaba Group Holding Ltd.’s cloud unit kicked off the offensive on Thursday with its second bout of steep discounting within a year. The previous price reductions “failed to meet expectations,” said Liu Weiguang, president of public cloud business at Alibaba Cloud. Alibaba Cloud has slashed the prices of more than 100 products by up to 55% as growth in the sector, and the company’s market share, has diminished. Rival JD.com responded later that day with its own round of price cuts.