Alibaba Cloud Slashes Prices to Spur Revenue Growth Before Possible IPO

Unit of e-commerce giant to offer core cloud services for as much as 50% less while offering free trials as it prepares to go public

Apr 27, 2023

∙ Paid

Alibaba Cloud’s market share fell to 32.6% in the second half of 2022 from 38.6% in the first half of 2021.

Alibaba Group Holding Ltd. slashed prices for its core cloud services by as much as 50% and offered free trials of some cloud products for as long three months, fueling competition in an already crowded market.

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