Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
by #AI May 23, 2023 · Automatic
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
Author: . [Source Link (*), Gadgets 360]
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