The move coincides with a surge in demand for cloud computing to support a global boom in AI development, as well as a complicated internal restructuring. Chief executive officer Eddie Wu is spearheading a far-reaching overhaul to try and revitalize Alibaba's main businesses including e-commerce.
Alibaba cancelled plans for a public listing of the cloud business in November, citing difficulties getting the high-end Nvidia Corp. chips it needs to compete, and has faced rising competition from Tencent Holdings Ltd and state-backed providers.
The Hangzhou-based firm slashed prices on Monday by an average of 23% for around 500 cloud product specifications.
Those discounts are now available to customers in 13 regions, including Japan, Indonesia, the United Arab Emirates and Germany.
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GDP growth falters in Q2, hopes pinned on 2nd half
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Russia's war economy shows new cracks after ruble plunges
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Colgate making right moves, but valuation a concern
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