Alibaba Cloud Announces Plan to Stop Multi-Cloud Cost Management Products by 2025

TapTechNews May 16 news, Alibaba Cloud announced on its official website that it plans to stop new user purchases of its multi-cloud cost management products and renewals for existing users on June 15, 2024, and will fully stop the multi-cloud cost management product service on June 15, 2025.

Users who have already purchased the multi-cloud cost management product will not be affected and can continue to use it until the service expires. Alibaba Cloud will also continue to provide after-sales service.

Alibaba Cloud's multi-cloud cost management function is planned to be merged with Alibaba Cloud's Cloud Migration Hub and Intelligent Advisor during the 2024 period, continuing to provide multi-cloud billing analysis, cloud mapping, Alibaba Cloud cost management, and optimization functions. The specific release date is to be determined.

TapTechNews learned from the Alibaba Cloud official website that multi-cloud cost management is an Alibaba Cloud FinOps product that provides multi-cloud unified management and full cost analysis for cloud users, helping users manage cloud resources simply.

Multi-cloud cost management supports synchronized consumption billing and resource data from Alibaba Cloud, Huawei Cloud, Tencent Cloud, AWS, and Azure vendors through API or object storage delivery after authorization. It supports managing and analyzing resource instances and costs from multiple vendors on a unified page.

This product provides one-click multi-cloud access capabilities, visualizes unified resource views, supports multi-cloud management by unified organization, application, or management unit, automatically splits accounts 100%, and provides rich cost analysis components to reduce the difficulty and time cost of cloud resource management.