Established in 2009, Alibaba Cloud is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization, security, management and application services, big data analytics and IoT services. According to Gartner, Market Share: IT Services, Worldwide 2021 published in April 2022, Alibaba has the largest share in Hong Kong's IaaS market in 2021