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Price cut means share price continues to be depressed. The days Chinese companies start to raise price on its products does look very bleak

Alibaba Cloud Announces Price Cut on Products Powered By Offshore Data Centers

HONG KONG, April 8 - China's Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices ov

Alibaba Cloud Announces Price Cut on Products Powered By Offshore Data Centers

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The days Chinese companies start to raise price on its products does look very bleak","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/293062128373912","repostId":2425930792,"repostType":2,"repost":{"id":"2425930792","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712565084,"share":"https://www.laohu8.com/m/news/2425930792?lang=&edition=full","pubTime":"2024-04-08 16:31","market":"us","language":"en","title":"Alibaba Cloud Announces Price Cut on Products Powered By Offshore Data Centers","url":"https://stock-news.laohu8.com/highlight/detail?id=2425930792","media":"Reuters","summary":"HONG KONG, April 8  - China's Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices ov","content":"<html><head></head><body><p>HONG KONG, April 8 (Reuters) - China&#39;s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.</p><p>The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.</p><p>This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices over the last 12 months. In February, Alibaba had already announced a similar price cut programme aimed at domestic users.</p><p>The price cuts mark Alibaba&#39;s latest effort to lure developers to build data-intensive AI models and applications using its cloud services.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Cloud Announces Price Cut on Products Powered By Offshore Data Centers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Cloud Announces Price Cut on Products Powered By Offshore Data Centers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-08 16:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>HONG KONG, April 8 (Reuters) - China&#39;s Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.</p><p>The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.</p><p>This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices over the last 12 months. In February, Alibaba had already announced a similar price cut programme aimed at domestic users.</p><p>The price cuts mark Alibaba&#39;s latest effort to lure developers to build data-intensive AI models and applications using its cloud services.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","BK4502":"阿里概念","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4548":"巴美列捷福持仓","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4565":"NFT概念","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","BK4554":"元宇宙及AR概念","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4531":"中概回港概念","BK4585":"ETF&股票定投概念","BK4503":"景林资产持仓","BK4534":"瑞士信贷持仓","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","BK4587":"ChatGPT概念","BK4575":"芯片概念","BK4558":"双十一","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4220":"综合零售","BK4524":"宅经济概念","BK4122":"互联网与直销零售","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","BK4535":"淡马锡持仓","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4527":"明星科技股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4538":"云计算","BK4579":"人工智能","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4588":"碎股","09988":"阿里巴巴-SW","BK4526":"热门中概股","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1688375341.USD":"贝莱德中国灵活股票基金"},"source_url":"https://www.streetinsider.com/dr/news.php?id=23037099","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2425930792","content_text":"HONG KONG, April 8 (Reuters) - China's Alibaba Cloud on Monday said it will cut prices for products that are powered by its offshore data centers by as much as 59% amid rising competition to attract artificial intelligence software developers.The cloud service provider said products related to computing, storage, network, database and big data will receive an average of a 23% price reduction.This is the third time the cloud arm of Chinese e-commerce leader Alibaba Group Holding has moved to cut prices over the last 12 months. 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