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Alibaba Unveils Big Cloud Price Cuts as AI Rivalry Deepens

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Feb. 29, 2024, 2:59 a.m. | Sarah Zheng, Jane Zhang

Bloomberg Technology bloomberg.com

Alibaba Group Holding Ltd. is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals like Tencent Holdings Ltd. competing to provide the tools critical to training artificial intelligence.

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