Thanks to the expansion of business scale and improved operational efficiency, Alibaba's core business achieved steady growth this quarter, with revenue in the first quarter increasing 4% year-on-year, but net profit falling 27% year-on-year.

AliCloud announced price reductions across the board in overseas markets, the average reduction is 23%, with a maximum reduction of 59%. After this, actual prices will be lower than any other international mainstream cloud vendors.