HONG KONG/SHANGHAI (Reuters) – China’s Alibaba Cloud said on Thursday it will cut prices on its cloud service products by an average of 20% in its second large-scale price adjustment programme in recent years.
The cloud arm of Chinese e-commerce giant Alibaba said that the price discount on more than 100 core cloud products will go up to 55%, and that they will be rolled out with immediate effect.
(Reporting by Josh Ye and Brenda Goh; Editing by Jacqueline Wong)
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