Alibaba's cloud unit is the dominant provider in China's booming public infrastructure market and is rapidly growing its business globally.
Alibaba Cloud -- sometimes called Aliyun -- saw revenue grow by 104 percent in the fourth quarter, rising to $553 million. The Chinese provider said it introduced almost 400 features and services to its cloud in the quarter.
Again doubling cloud revenue in the fourth quarter, Alibaba achieved roughly 4 percent market share in Synergy Research's analysis, cracking the Top 5 of the leadership board for the first time and knocking Salesforce out of the fifth spot. Alibaba's overall market share grew by 1 percent from the previous year.