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The public cloud price war is escalating, and JD Cloud is making a high-profile entry into the fray, targeting the top tier of cloud providers.

On May 23, JD Cloud announced the first public price comparison battle in the Chinese cloud market, with all core products participating in the comparison.

JD Cloud stated that the official list prices of all core products are lower than the listed prices of comparable products on special cloud vendors' official websites. The actual transaction price will be discounted by 10% on the basis of the lowest actual transaction price of specific cloud vendors, and a "buy expensive and we'll compensate you" guarantee is offered.

It's noted that what JD Cloud referes to as spencial cloud vendors include Alibaba Cloud, Huawei Cloud, and Tencent Cloud.

The domestic public cloud market is experiencing its first concentrated price reduction wave after years of development.

Behind the "price war" is the slowing growth of the overall market size of public clouds.

According to the "China Public Cloud Service Market (2H 2022) Tracking" report released by IDC, the overall market size of China's public cloud services (IaaS/PaaS/SaaS) reached $18.84 billion in the second half of 2022.

The IaaS+PaaS market grew by 19.0% year-on-year in the second half of 2022, with a decline of 23.9% compared to the growth rate in the first half of 2021 and a decline of 11.6% compared to the first half of 2022.