Alibaba Cloud, a subsidiary of BABA-SW (09988.HK) -4.350 (-5.241%) Short selling $865.26M; Ratio 10.895% (BABA.US) , announced the launch of a new subsidy policy primed at supporting the digital transformation of enterprises. During the 618 event, Alibaba Cloud will provide up to RMB500 million in subsidies for cloud computing power, effective immediately. Enterprises can apply for this subsidy through the official website of Alibaba Cloud, and the subsidy will not be capped.
At the same time, Alibaba Cloud also provides additional benefits for new and existing users, who can log in to the official website of Alibaba Cloud to get the full reduction coupon, which will be effective from 3 June.
Additionally, this year's 618 event also includes Alibaba Cloud's AI arithmetic and AI series products, such as GPU Cloud Server and Foundation Model Training and Reasoning Service.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
