Alibaba Cloud has dropped price of its cloud services by up to 59% especially for its core public cloud products that are using its international data centres out of the Chinese mainland.
The company said this is aligned with its latest AI-first strategy aiming to make core computing resources more accessible for customers of all sizes, and empowering their long-term growth in the AI era.
Effective immediately, the new pricing strategy covers five core public cloud product categories, including compute, storage, network, database, as well as big data products, with an average of 23% price reduction.
“Our latest pricing strategy is designed not only to reward long-term subscribers with more substantial discounts but also to ensure that businesses can have a stable foundation to develop their long-term strategies when planning and developing their own AI applications,” said Selina Yuan, President of the International Business of Alibaba Cloud Intelligence.
The new pricing is applicable to both existing and new customers who place orders through the official Alibaba Cloud website. Here are some of the highlights announced at the Alibaba Cloud Spring Launch today:
Alibaba said the reductions will apply to a variety of payment models of Elastic Compute Service (ECS), including pay-as-you-go, subscriptions and savings plans, encompassing the majority of ECS instance types and generations. For instance, international businesses who prefer pay-as-you-go billing model, they can reduce cost by up to 30% and 59% of ECS and Elastic Block Storage(EBS) respectively.
