(Yicai Global) May 24 -- The cloud computing arm of Chinese e-commerce giant JD.com has lowered the price of many of its core services, including storage, security and cloud computing, in order not to be left behind as rivals Alibaba Cloud and Tencent Cloud offer substantial discounts.

JD Cloud has trimmed the price of its standard cloud hosting service to CNY2,052.86 (USD291) per year, CNY233 (USD33) lower than ’certain competitors,’ the company said on its Wechat account. 

Its 10 million risk identification service is now available for CNY60,000 (USD8,514) a year, CNY4,000 below these rivals. And if that is not enough, if a lower price be found, it will beat it by 10 percent.

By ‘certain competitors,’ JD Cloud is referring to Alibaba Cloud, Tencent Cloud and Huawei Cloud, according to The Paper. Alibaba Cloud and Tencent Cloud recently announced price cuts of as much as 60 percent on their main services.

Alibaba Cloud, Tencent Cloud, Huawei Cloud, Telecom Cloud and AWS together hold 80 percent of China’s public cloud service market, according to a report by market research firm IDC. The report did not disclose the market share held by JD Cloud and Beijing-based JD.com did not disclose the size of its cloud business in its latest quarterly report.

China’s public cloud service market was worth USD18.8 billion in the second half last year, IDC said. Of this, Infrastructure-as-a-Service and Platform-as-a-Service packages surged 19 percent from a year earlier, but tumbled 11.6 percentage points from the first half that year and plunged 23.9 percentage points from the second half of 2021.

Editor: Kim Taylor