This topic describes the billing method and prices of Alibaba Cloud CloudQuotation products.

Billing method

CloudQuotation product series adopt the pay-as-you-go billing method. Customers that are eligible for CloudQuotation products report their usage and are billed monthly based on the number of reported users, including both professional and non-professional users.
  • Billing cycle
    Customers of CloudQuotation are billed monthly. A part of a month is calculated as a whole month. Before 18:00 on the last day of each month, you must truthfully report your usage, that is, the number of professional and non-professional users, in the current month.
    Note If you fail to report your usage truthfully or promptly, your services will be suspended and you may face penalties as required by exchanges.
  • Billing items and prices

    You need to report your usage before 18:00 on the last day of each month. Alibaba Cloud generates a bill before the third day of the following month. You must pay for your usage occurred during the last month within the specified time, which is 7 to 15 days after the bill is generated. If you do not pay for the bill within the specified time, Alibaba Cloud will suspend your CloudQuotation data services.

    CloudQuotation divided into Usage and Fixed edition.,uses a pricing ladder and calculates your bill based on your usage. The final charge differs according to the number of professional and non-professional users that you reported. The following table describes the detailed pricing ladder. The billing method of the Enterprise Edition is one-price unlimited usage for the current month (default: 99999999).
    Note Amount to be paid = Connection Fee+Number of reported non-professional users × Unit price + Number of reported professional users × Unit price
    Product Connection Fee PC APP
    Non-professional Professional Non-professional Professional
    Basic Edition $10,000.00 $1.00 - $1.00 -
    Basic Edition PLUS $22,000.00 $1.00 - $1.00 -
    Standard Edition $12,000.00 $1.00 $26.00 $1.00 $26.00
    Standard Edition PLUS $23,000.00 $1.00 $26.00 $1.00 $26.00
    Advanced Edition $15,000.00 $15.00 $76.00 $15.00 $76.00
    Advanced Edition PLUS $26,000.00 $15.00 $76.00 $15.00 $76.00
    Product Connection Fee PC APP
    Non-professional Professional Non-professional Professional
    Basic EE $90,00.00 $44,000.00
    Basic PLUS EE $13,000.00 $52,000.00
    Standard EE $11,000.00 $103,000.00
    Standard PLUS EE $14,000.00 $111,000.00
    Advanced EE $13,000.00 $503,000.00
    Advanced PLUS EE $16,000.00 $511,000.00

Price calculation example

Assume that you are using CloudQuotation Standard Edition. You have 20 professional users and 5,000 non-professionals. After you report the usage, the amount that you need to pay is calculated as follows:

Amount to be paid (US$ 17,520.00) = Number of reported non-professional users (5,000) × Unit price for the corresponding user range (US$ 1) + Number of reported professional users (20) × Unit price for the corresponding user range (US$ 26.00)

Definition of non-professional users

A non-professional user of CloudQuotation for US stocks refers to any individual who only receives and uses quotation information for personal and non-commercial purposes and who is not a securities professional. Any natural person who satisfies the following conditions is regarded as a non-professional user:
  • Not registered or qualified with any security agencies, including the US Securities and Exchange Commission (SEC), US Commodity Futures Trading Commission (CFTC), any US state securities agency, any securities exchange or association in Hong Kong, China, or regions outside China, and any commodities or futures contract market or association in Hong Kong or regions outside China.
  • Not engaged as an "investment advisor" as that term is defined in Section 202(a) (11) of the Investment Advisors Act of 1940 (whether or not registered or qualified under that Act), and not licensed or registered with any financial regulatory bodies in Hong Kong, China, or regions outside China.
  • Not employed by a bank or other organization exempt from registration under US Federal and/or state securities laws to perform functions that would require them to be so registered or qualified if they were to perform such functions for an organization not so exempt, and not engaged in securities, banking, investment, or financial activities on behalf of any regulated financial institution in Hong Kong, China, or regions outside China.