Alibaba shares rise on cloud cybersecurity price hikes
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Alibaba's shares rose 3.6% after its cloud unit announced price hikes for cybersecurity services, driven by growing demand for AI-driven cloud infrastructure. The price increases will take effect on July 15, with monthly pricing for some services rising by up to 50%.
Alibaba's cloud unit is raising prices for cybersecurity services. The price hikes will start on July 15. Monthly pricing for DDoS protection products will increase. Daily rates will also change. The move is driven by growing demand for cloud infrastructure and artificial intelligence. Alibaba's shares rose 3.6% after the announcement.
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