Alibaba Cloud Introduces New Pricing Strategy and Service Availability for International Customers

EQS Newswire / 05/08/2024 / 12:30 CET/CEST 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