Alibaba Cloud has announced a new pricing strategy and services for international customers.
Takeaway points
- Alibaba Cloud has announced a new pricing strategy and services for international customers.
- It introduced a new pricing strategy for international customers, with price reductions of up to 59% on core public cloud products.
- The new pricing strategy covers five core public cloud product categories, which include compute, storage, network, database, and big data products.
- The new pricing strategy is applicable to both existing and new customers who place orders through the official Alibaba Cloud website.
Introducing a new pricing strategy
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced on Monday that it is introducing a new pricing strategy for international customers with price reductions of up to 59% on core public cloud products. This will be done using the company’s international data centers out of the Chinese mainland.
This new pricing strategy is starting immediately, and it covers five core public cloud product categories, which include compute, storage, network, database, and big data products, with an average price reduction of 23%.
Selina Yuan, President of the International Business of Alibaba Cloud Intelligence, said that the company is committed to making AI more accessible in terms of cost efficiency and more.
“Cloud infrastructure is poised to be the key cornerstone for the future of AI, and our commitment lies in making sure that the foundation for AI development remains affordable. As a cloud service provider committed to facilitating customers’ long-term growth, Alibaba Cloud is dedicated to making AI more accessible in terms of cost efficiency, availability of proven technologies, and more. 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.
The Benefits
The cloud service provider explained that the new pricing strategy is applicable to both existing and new customers who place orders through the official Alibaba Cloud website, and reductions also apply to different payment models of Elastic Compute Service (ECS), including pay-as-you-go, subscriptions, and savings plans.
Based on the report, users of database products, including ApsaraDB RDS for MySQL, ApsaraDB RDS for PostgreSQL, ApsaraDB RDS for MariaDB, ApsaraDB for Redis, and ApsaraDB for MongoDB, will enjoy price reductions in long-term packages, spanning from one to five years, by up to 50%. Big data products, including MaxCompute, Hologres, DataWorks, Realtime Compute for Apache Flink, and Open Search, will offer cuts on one-to-three-year subscription plans by as much as 50%.
Alibaba Cloud increases the free monthly usage of its Cloud Data Transfer Service from 20GB to 200GB for its international customers, and the price of a one-year package of 500 GB storage plan, which is popular among SMEs, has been slashed from USD 63 to USD 16.99.
The service provider introduced new services and product features to increase generative AI development. Alibaba Cloud introduced a managed large language models (LLMs) service to offer access to specialized experts dedicated to streamlining the integration and operation of LLMs across both the model architecture and cloud infrastructure, according to the report.
