Alibaba price cut heats up cloud services market

Growth strategy: Alibaba logo is seen outside a building in Beijing. Experts say Alibaba Cloud’s price cuts underscore its commitment to fuelling the adoption of AI technologies and supporting the quickly evolving landscape. — AP

BEIJING: The competition in China’s cloud computing sector is heating up as major Chinese players have announced cuts to prices of multiple core products.

Experts said this will mean lower cost of access to cloud services for enterprises, which in turn will boost market development.