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On August 5, 2024
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Alibaba Cloud Introduces New Pricing Strategy and Service Availability for International Customers
Global cloud leader supports long-term AI growth with price reductions of up to 59% on core public cloud products New services and product features are now available to boost generative AI development HANGZHOU, CHINA - Media OutReach Newswire - 8 April 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its new pricing strategy for the international customers with prices reductions of up to 59% on core public cloud products using the company's international data centers out of Chinese mainland. This is aligned with the global cloud leader's latest AI first strategy aiming to make core computing resources more accessible for customers of all size, 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. "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 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: The issuer is solely responsible for the content of this announcement. Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world's third leading and Asia Pacific's leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.
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Alibaba Cloud Introduces New Pricing Strategy and Service Availability for International Customers
Global cloud leader supports long-term AI growth with price reductions of up to 59% on core public cloud products New services and product features are now available to boost generative AI development HANGZHOU, CHINA - Media OutReach Newswire - 8 April 2024 - Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, today announced its new pricing strategy for the international customers with prices reductions of up to 59% on core public cloud products using the company's international data centers out of Chinese mainland. This is aligned with the global cloud leader's latest AI first strategy aiming to make core computing resources more accessible for customers of all size, 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. "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 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: 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. To maintain a stable cost-efficiency throughout the next 12 months, the new Object Storage Service (OSS)-Resource plan enables customers to reserve storage capacity in a specific region for one year to obtain deeper discount. The price of one-year package of 500 GB storage plan, which is popular among SMEs, has been cut to USD16.99 from USD 63. 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 also enjoy price reductions in long-term packages, spanning from one-to-five years, by up to 50%. Similarly, 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%. Lastly, Alibaba Cloud also increases the FREE monthly usage of Cloud Data Transfer Service from 20GB to 200GB for its international customers. Cloud Data Transfer Service is a network product providing complete control over the volume and cost of data transfers incurred across services as well as generating bills. New services and product features to boost generative AI development To reduce AI process complexity for customers worldwide, Alibaba Cloud also announced the availability of a series of innovative product features and services for the international customers during the event. To lower the threshold of leveraging AI, 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. This enables businesses to concentrate on leveraging the business value of LLMs without the complexities of technical implementation. PAI-Lingjun Intelligent Computing Service, a comprehensive AI computing platform for high-performance computing tasks, such as foundation model training and inference, is now available in Singapore. The service provides full-process AI engineering capabilities, including AI development, AI training, and computing resource management. Energy Expert, Alibaba Cloud's AI-driven sustainability solution, has enhanced its functionalities with the introduction of an open API service. This solution now offers carbon micro-services and energy micro-services, fully developed using LLM capabilities and domain-specific knowledge. These services provide functionalities such as carbon footprint calculation, carbon emission optimization, energy consumption monitoring, forecasting, and optimization. The microservices enable developers to create customized sustainability applications and, at the same time, improve the underlying generative AI models with their knowledge bases for better outcomes. New initiatives to strengthen global partnership ecosystem In a move to bolster its international partnership network, Alibaba Cloud also unveiled a suite of financial incentives during the event. These include an increase in the standard discount and commission rates for resellers, the removal of initial tier requirements and yearly commitments for resellers, and an enhancement of support for channel partners' efforts to grow their market presence. Additionally, Alibaba Cloud further standardized its training empowerment program to boost partners' service delivery competencies and introduced a specialized partner service manager role to provide dedicated support. Currently, Alibaba Cloud operates 89 availability zones in 30 regions globally, supporting over 4 million customers worldwide. In the latest "Gartner® report Market Share: IT Services, Worldwide, 2022" released in 2023, Alibaba is the world's third leading and Asia Pacific's leading IaaS provider. Hashtag: #AlibabaCloud The issuer is solely responsible for the content of this announcement. About Alibaba Cloud Established in 2009, Alibaba Cloud () is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world's third leading and Asia Pacific's leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner. Alibaba Cloud
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Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced a new pricing strategy and improved service availability for its international customers. The move aims to provide more competitive and transparent pricing while enhancing the overall customer experience.
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has introduced a new pricing strategy for its international customers. The company aims to offer more competitive and transparent pricing across its product portfolio 1. This move is expected to provide customers with better value for their cloud investments and help them optimize their IT spending.
In addition to the new pricing strategy, Alibaba Cloud has also announced improved service availability for its global customer base. The company has expanded its network of data centers and enhanced its infrastructure to ensure higher uptime and reliability for its cloud services 2. This improvement is crucial for businesses that rely on cloud services for their critical operations.
Alibaba Cloud's new initiatives are designed to strengthen its position in the highly competitive cloud computing market. By offering more attractive pricing and improved service quality, the company aims to attract new customers and retain existing ones. This strategy aligns with Alibaba Cloud's goal of expanding its global footprint and competing more effectively with other major cloud providers 1.
International customers of Alibaba Cloud are expected to benefit significantly from these changes. The new pricing strategy will likely result in cost savings for businesses using Alibaba Cloud's services. Moreover, the improved service availability will enhance the reliability and performance of cloud-based applications and services, potentially leading to increased productivity and customer satisfaction for Alibaba Cloud's clients 2.
The announcement from Alibaba Cloud is likely to have a ripple effect in the cloud computing industry. Competitors may need to reassess their own pricing strategies and service offerings to remain competitive. This could potentially lead to a more favorable market for cloud consumers, with improved services and more competitive pricing across the industry 1.
As Alibaba Cloud continues to invest in its infrastructure and expand its global presence, the company is positioning itself for future growth in the international cloud market. The new pricing strategy and improved service availability are likely just the beginning of Alibaba Cloud's efforts to capture a larger share of the global cloud computing market and challenge the dominance of established players in the industry 2.
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced new AI models and revamped infrastructure to enhance AI computing capabilities. The company aims to empower customers and partners with proven large models and high-performance infrastructure.
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A recent study by Information Services Group (ISG) highlights the shift in enterprise priorities towards cost optimization in the maturing cloud market, as companies seek to maximize their cloud investments and navigate economic uncertainties.
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A new report from Information Services Group (ISG) reveals a growing trend among enterprises to adopt cloud-based unified AI and data platforms. This shift aims to enhance data management, improve AI capabilities, and drive digital transformation.
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Gartner reports significant growth in the worldwide Infrastructure as a Service (IaaS) public cloud services market, with revenue reaching $140 billion in 2023. The market shows resilience and continued expansion despite economic challenges.
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Alibaba Group has made a significant move in the AI race by releasing over 100 open-source AI models and introducing a new text-to-video generation tool. This strategic initiative aims to boost the company's position in the competitive AI market.
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