Alibaba Group Holding Ltd (NYSE:BABA) announced significant price reductions of up to 59% for its cloud services, extending aggressive discounts from China to international markets, from the U.S. to Singapore. On Monday, Alibaba reduced prices by an average of 23% across approximately 500 cloud product specifications for clients across 13 regions, such as Japan, Indonesia, the United Arab Emirates, and Germany. Following Alibaba’s significant price reductions of up to 55% on over 100 key cloud services within China in February, which ignited a pricing battle with competitors like JD.com Inc (N…