Alibaba Cloud continues to lead the Chinese market

With a market share of 37%, Alibaba Cloud continues to occupy the first place in the domestic Chinese market. In April 2024, Alibaba Cloud significantly reduced the prices of its core products in 13 regions around the world, with an average reduction of 23%. Then in May, Alibaba Cloud further reduced the price and made its basic model "Tongyi Qianwen" Qwen1.5-32B free for a limited time to lower the entry barrier and attract more customers. At the same time, Alibaba Cloud plans to build new data centers in five countries, including South Korea, Malaysia, the Philippines, Thailand and Mexico, to accelerate its global expansion.