Trump says Iran war "close to over" amid hopes for more negotiations
Investing.com-- Shares of Alibaba Group (HK:9988) rose on Wednesday after its cloud unit announced price increases for cybersecurity services, reinforcing expectations of stronger monetization from AI-driven demand.
Alibaba's Hong Kong-listed stock rose 3.6% to HK$129 by 06:13 GMT.
Get real-time updates on market-moving news with InvestingPro
According to local media reports, Alibaba Cloud will raise prices for several distributed denial-of-service (DDoS) protection products starting July 15.
Monthly pricing for its DDoS Native Protection 2.0 service will increase from 82 yuan to 98.5 yuan per Mbps, while daily rates will be cut to 6 yuan from 12 yuan.
For DDoS High Defense services in mainland China, monthly prices will rise from 100 yuan to 150 yuan per Mbps, with daily rates increasing to 8 yuan from 6 yuan. Products outside mainland China will see broader hikes of between 25% and 50%, the reports said.
The move highlights growing demand for cybersecurity and cloud infrastructure as enterprises ramp up spending on artificial intelligence and data protection.
The development comes as major cloud firms globally seek to offset rising infrastructure costs and capitalize on a surge in AI-related workloads.
