02 12 14 16 18 23 36 38 41 45 64 81 82 83 85 86 88 90 140

02 301 125 26.74 39% 25% 31% 3 8 4 60 43 2 38% 56% 41% 40,000 5,000 450 35,000 30,000 4,000 360 25,000 3,000 270 20,000 15,000 2,000 180 10,000 5,000 1,000 90 0 0 04 05 06 07 08 04 05 06 07 08 0 04 05 06 07 08

03 3,001,194 2,162,757 +39% 1,205,186 967,795 +25% 26.74 20.41 +31% 26.71 20.41 +31% 38,075,335 27,599,959 +38% 7,914,630 4,405,557 +80% 30,160,705 23,194,402 +30% 4,614,250 2,956,846 +56% 965,747 697,563 +38% 3,648,503 2,259,283 +61% 432,031 305,545 +41% Gold Supplier 43,028 27,384 +57% 16,136 12,152 +33% 372,867 266,009 +40% (1) (%) (2) 3,500 1,400 1,500 50 1,600 3,000 1,200 1,400 1,200 40 2,500 1,000 1,200 2,000 800 900 30 1,000 800 1,500 600 600 20 600 1,000 400 400 300 10 500 200 200 0 0 0 0 0 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 04 05 06 07 08 1 20042006 B2B 2

240

1 365 17 1 24 B2B

3,800

40 6,000

12 3 5 4 6 B2B Infomedia 7

13 8 9 APEC 11 Gold Supplier VeriSign 12 Melbourne IT Limited Export-to-China

14 Maples and Calder Trident Trust Company Cayman Limited Fourth Floor, One Capital Place P.O. Box 847GT Grand Cayman Cayman Islands 99 6 310099

15 18 20 Bank of Bermuda Cayman Limited P.O. Box 513, Strathvale House North Church Street, George Town Grand Cayman KY1-1106 Cayman Islands 183 17 1712 1716 www.alibaba.com www.alibaba.com.cn www.alibaba.co.jp 1688 1688 HK 1688.HK

16

17 102

18

19 3 Gold Supplier 10 1 5 60 9 38.8%30148.2% 11 9 224.5%12 5 95.2% 11.4%14 6 6 22 5 7 790 350 230

20 3,020 Infomedia B2B 10 Gold Supplier Gold Supplier43,028 57.1%Gold Supplier Gold Supplier Gold Supplier 372,867106,85840.2% Gold Supplier Gold Supplier Gold Supplier 2,700

21 38 40 2,000 3,000

22

23

24 6.8% GDP9.0% 4 41.9%2.9822.6% 90.6% B2B 10 B2B

25 UPS 1,050170126,000, 3,810460432,031 3,509,073 7,914,630 268,184965,747 1,949,741 3,115,153 4,405,557 7,914,630 292,414 514,891 697,563 965,747 (1) 19,983 29,525 39,536 59,164 Gold Supplier 12,192 18,682 27,384 43,028 7,791 10,843 12,152 16,136 (1)

26 1 1,261,962 15.9% 2 874,934 11.1% 3 (1) 711,416 9.0% 4 392,155 5.0% 5 186,591 2.4% (1) Gold Supplier Gold Supplier 1,150 Gold Supplier Gold Supplier Gold Supplier1 9 8 Gold Supplier 5 GPS Gold Supplier Gold Supplier Gold Supplier 12,192 43,028 Gold Supplier Gold Supplier 16,1363,984 Infomedia 18Infomedia India Alibaba.com Japan Co., Ltd.

27 Gold Supplier Export-to- China Export-to-China GPS 3 28.4%36.5% B2B 6,966,303 30,160,7051,389,220 3,648,503 372,867106,858 40.2% 28,000

28 9,019,214 16,649,073 23,194,402 30,160,705 1,002,768 1,557,874 2,259,283 3,648,503 (1) 121,631 189,573 266,009 372,867 (1) 600 10 Gold Supplier Gold Supplier 10 Gold Supplier 3,000 Gold Supplier 1,300 1,000Gold Supplier

29 432,031 41.4% 38.8%301 20 21 6 2 8048.2% 11 9 2 4084 30 24.5%125 20 9 6 7 80 3 550 95.2% 20.4131.0% 26.74 3,001,194 2,162,757 838,437 38.8% (387,368) (280,113) (107,255) 38.3% (1,598,743) (1,098,176) (500,567) 45.6% 177,300 19,877 157,423 792.0% 1,192,383 804,345 388,038 48.2% 239,207 345,099 (105,892) (30.7%) (16,087) (16,087) (210,317) (181,649) (28,668) 15.8% 1,205,186 967,795 237,391 24.5% 178,815 152,077 26,738 17.6% 1,384,001 1,119,872 264,129 23.6% 26.74 20.41 6.33 31.0% 26.71 20.41 6.30 30.9%

30 Gold Supplier 1,842,884 1,503,331 339,553 61.4% 69.5% 41,082 32,825 8,257 23,169 11,539 11,630 1.4% 1.5% 0.7% 0.6% 1,907,135 1,547,695 359,440 63.5% 71.6% 1,026,883 594,098 432,785 34.3% 27.5% 67,176 20,964 46,212 2.2% 0.9% 1,094,059 615,062 478,997 36.5% 28.4% 3,001,194 2,162,757 838,437 21 6 2 80 38.8%301 20 36.5% 28.4% Gold Supplier Gold Supplier ( ) Gold Supplier 15 4 7 7023.2%197 10Gold Supplier 2 3 20 1 1 50

31 6 1 5 1077.9% 10 9 4 10 153,860 110,545 43,315 149,864 110,766 39,098 5.1% 5.1% 5.0% 5.1% 61,446 38,771 22,675 22,198 20,031 2,167 0.8% 1.0% 2.0% 1.8% 387,368 280,113 107,255 12.9% 13.0% 2 810 38.3%3 8 7 40 1 3 709 60 87.1% 87.0% 84 30 11 9 2 4048.2% 37.2%39.7%

32 1,092,086 736,813 355,273 36.4% 34.0% 186,513 131,495 55,018 320,144 229,868 90,276 6.2% 6.1% 10.7% 10.6% 1,598,743 1,098,176 500,567 53.3% 50.7% 7 3 6 8048.2%10 9 2 10 4 9 70 5 7 70 36.4% 34.0% 1 3 1 50 41.8%1 8 6 50 1 5 1 8 6.2%6.1% 2 2 9 90 39.3%3 210 7 3 709 3 50 10.7% 10.6% 1 9 90792.0%1 7 7 30 12 801 7 20 SOFTBANK SOFTBANK

64.7% 4 1 30B2B 46 3039.7%2 4 5 10 3 5 50 5 806 1 20 1 6 10 15% 3% 15% 33 25% 15% 15% 15% [2008] 1 25% 1 8 1 60 15.8%2 130 15.8% 14.9%

34 9,573 13,718 (4,145) 0.3% 0.6% 57,712 49,668 8,044 2.0% 2.3% 17,996 14,999 2,997 0.6% 0.7% 93,534 73,692 19,842 3.1% 3.4% 178,815 152,077 26,738 6.0% 7.0% 1 5 2 10 1 7 8 80 7.0%6.0% 12 5 20 9 6 7 80 24.5%26.74 20.4131.0% 26.7120.4130.9% 22 5 6 90 19 1 9 8017.6% Gold Supplier Gold Supplier

35 5 80 6 1 2090.4% 12 66 1 2 30 13 3 8 80 25.4% 75.2% 66.3%24.3%0.3%0.4% 21.2%0.1%12.2% 4.2%2.5% 78 9 2 9060 5 3 50 49 6 8 4036 1 3 1028 1 8 20 23 720 16 30720 22 5 6 90 19 1 9 80 22 5 6 90 3 3 717.6% 31 6 5 50 317 90 149 20 15 890 12.2% 11 90 311 80 29 7 1 90.6%2 6 6 501 3 9 80 1 5 1 504 6 90 7 8 90 26 2 6 90 202 5 8 1 2 40

36 7,992 2,700 140 10 4 1 70

37 1,000 CRF 674,,,

38 600 10 60 3 Gold Supplier Gold Supplier

39 2008 2008 2,000 40,000

40 5.12 1,000

41 Alibaba Group Holding Limited SOFTBANK CORP. 25 APEC APEC APEC Business Advisory Council B2B Kingfisher Asia Ltd. IMI plc FTSE 250

42 Investor AB Investor Asia Limited Rosecliff, Inc. Sullivan & Cromwell MTV Taiwan J.L. Kellogg School of Business Ariba Japan Deecorp Limited Beijing Digital China BB Limited NetIQ CorporationNetIQ KK (OEM) Cheyenne Software KK Computer Associates Japan

43 (IDF) 25 University of British Columbia 30 Mecox Lane International Mailorder Co. Ltd.

44 500 BTR plc York International Corporation York International Corporation Johnson Control Inc. Henley Management College Cambridgeshire College of Technology Loughborough University of Technology London Graduate School of Business Studies Angilon, Inc.

45 www.alibaba.com www.alibaba.com.cn B2B 114 115 17 82 84 11316 105 10 25 4 119 12022 140 8687 129 26

46 31 6 5 50 114 130 Alibaba Group Holding Limited

47 3.13 (a) (b) (c) 41 44 XV 352

48 1. 0.0001 512,000 48,250,000 48,762,000 (1) 0.97% 74,000 9,650,000 9,724,000 (2) 0.19% 870,000 240,000 3,760,000 4,870,000 (3) 0.10% 1,400,000 1,000,000 2,400,000 (4) 0.05% 28,369,053 28,369,053 0.56% 120,000 11,401,560 11,521,560 (5) 0.23% 94,000 94,000 0.00% 100,000 100,000 0.00% 100,000 100,000 0.00% 100,000 100,000 0.00% 940,000 940,000 0.02% 9,600,000 9,600,000 (6) 0.20% (1) (a) Maimex Company Limited Direct Solutions Management Limited 48,250,000(b) 512,000 (2) (a) Sheenson Development Limited Direct Solutions Management Limited 9,650,000(b) 74,000 (3) (a) 600,000 240,000Able Island Assets Corp. 2,400,000Nationbright Investment Limited360,000 (b) Golden Jade Investment Limited Direct Solutions Management Limited 1,000,000(c) 270,000 (4) (a) 1,175,000(b) Netyan Enterprises Ltd. Direct Solutions Management Limited 1,000,000(c) 225,000 (5) 120,000Parufam Limited 3,000,000MFG Limited6,297,258MFG II Ltd. 2,104,302 (6) CSS Development Limited9,600,000

49 2. (a) 3,400,000 3,400,000 (1) 0.14% 600,000 600,000 (2) 0.03% 125,000 387,500 11,135,250 401,260 36,250 12,085,260 (3) 0.51% 52,249 422,751 475,000 (4) 0.02% 34,726,510 144,028,496 2,046,667 69,000 180,870,673 (5) 7.64% 2,522,964 160,000 69,426,932 3,220,000 75,329,896 (6) 3.18% 320,000 800,000 1,120,000 (7) 0.05% 5,600,000 7,200,000 12,800,000 (8) 0.54% (1) (2) (3) (a) 125,000 (b)401,260 (c)387,500 (d) 36,250(e) Able Island Assets Corp.1,000,000 (f) Golden Jade Investment Limited4,900,900 (g) Nationbright Investment Limited5,234,350 (4) (a)422,751(b)netyan Enterprises Ltd. 52,249 (5) (a) 34,726,510 (b)2,046,667 (c) JC Properties Limited 91,250,136 (d) JSP Investment Limited 52,778,360(e) JSP Investment Limited69,000

50 (6) (a) 2,522,964 (b)3,220,000 (c)160,000 (d) MFG Limited 17,560,780 (e) Parufam Limited 22,905,952(f) PMH Holding Limited 28,960,200 (7) (a) 320,000(b)800,000 (8) CSS Development Limited(a) 5,600,000 (b)7,200,000 (b) 8 80% 1 (c) 8 80% 1 (d) 80 80% 1

51 (e) 1 48 80% 1 85 (f) 4 80% 5 352 3. 1.

52 135,100,000 2.68% 125,292,527 2.48% 01/01/2008 31/12/2008 3,806,973 206,564 3,600,409 01/02/2008 239,136 6,000 233,136 20/06/2008 230,000 230,000 17/12/2008 4,276,109 212,564 4,063,545 4,276,109 212,564 4,063,545 2. (a) (i) (ii) (iii) (1) 135,100,000 2.68% 14,807,500 116,016,391 2.30%

53 3,993,700 374,000 3,619,700 3,993,700 101,148,235 2.0% (2) X = (A+B) (C+D+E) X = A = 135,100,000 B = C = D = E = (iv) (v) (vi) 1%

54 (vii) 1 (viii) (1) (2) (3) (ix) (b) 01/01/2008 31/12/2008 1 2 3 270,000 270,000 01/02/2008 01/02/2009-01/02/2014 19.86 18.46 225,000 225,000 01/02/2008 01/02/2009-01/02/2014 19.86 18.46 512,000 512,000 01/02/2008 01/02/2009-01/02/2014 19.86 18.46 74,000 74,000 01/02/2008 01/02/2009-01/02/2014 19.86 18.46 4 180,000 (180,000) 01/02/2008 01/02/2009-01/02/2014 19.86 18.46 1,261,000 (180,000) 1,081,000 4,739,500 (380,000) 4,359,500 01/02/2008 12/11/2009-01/02/2014 19.86 18.46 (1)(a)(i) 01/02/2009-01/02/2014 (1)(b) 2,470,000 (110,000) 2,360,000 20/06/2008 28/01/2010-20/06/2014 12.74 12.00 (1)(a)(i) 7,007,000 7,007,000 17/12/2008 02/10/2008-17/12/2014 5.54 5.50 (1)(a)(ii) 12/11/2009-17/12/2014 (1)(a)(i) 14,216,500 (490,000) 13,726,500 15,477,500 (670,000) 14,807,500

55 (1) (a) (i) 50% 50% 25% 75% 25% 100% (ii) 25% 25% 25% 50% 25% 75% 25% 100% (b) 25% 25% 25% 50% 25% 75% 25% 100% (2) (3) (4)

56 (5) 6.435.142.33 (%) 45.86 45.91 50.80 50.92-50.94 4.38 4.25 4.38 4.25-4.38 (%) 1.96 1.94 3.50 1.20-1.21 (%) 0 0 0 0 1 7 8 80 1 5 2 10 12212925 135 13934 XV336 6 3,744,394,982 1 3,744,394,982 74.16% 101,024,988 2 101,024,988 2.00% Yahoo! Inc. 57,481,000 3,744,394,982 3 3,801,875,982 75.29% 101,024,988 4 101,024,988 2.00% SOFTBANK CORP. 3,744,394,982 5 3,744,394,982 74.16% 101,024,988 4 101,024,988 2.00%

57 (1) 101,024,988 (2) (3) 3,744,394,982 Yahoo! Inc. (4) (2)101,024,988 (5) 3,744,394,982 SOFTBANK CORP. (6) 5,049,356,500 XV336 64 80

58 77 14A.45 1. B2B 80% 20% (a) (b) (c) (d) (i) (ii) (iii)

59 14A.42(3) (a) (b) (c) (i) (ii) (iii) 4400 (a) (b) (c) 2. (a) (b) (c) (d) (e) (f)

60 (g) (h) 15% 5 3. 3 80 4.

61 (a) (b) 20% 80%20% 80% 15% 40%60% 85% 7 9 40 5. (a) (b) (c) B2B B2B B2B (a) (b)

62 (c) 5 7 10 6. 1 5.0 12 2 3.8 14 3 79.4 94 4 57.1 83 (i) (ii)(iii) 14A.38 4400 (a) (d) (c) 14A.38(2) 15%

63 20% 70%20% 80% 135 139 34 5% 35%14% 5% 4.235.453,000,000 11/2008 1,000,000 4.35 4.23 4,296,950 12/2008 2,000,000 5.45 4.40 9,717,305 3,000,000 14,014,255

64 > > > >

65 > > 4144 www.alibaba.com >

66 3.13 > (i) (ii) (iii) > 3.13 > 3.13 3.13 >

67 > > > > > 130 65 Alibaba Group Holding Limited 114

68 > > > >

69 > 5/5 5/5 5/5 3/5 4/5 5/5 5/5 5/5 4/5 5/5 5/5 ^ 5/5 0/0 # 5/5 ^ # > >

70 > > > > > > > 2/2 2/2 > 2/2 > >

71 > > > > > > > 2/2 > 2/2 1/2 ^ 0/0 ^

72 > 3 > >. > 3.13

73 > > > 1/1 1/1 > 1/1 1/1 > 1/1 > >

74 > 4/4 1/4 ^ 0/0 > 4/4 ^ > 3 > > > > 81

75 > > > > >.

76 > > > >

77 > > > 3,037 5,064 1,967 750 95 111 5,925 5,099 >.

78 > www.alibaba.com > > > JW (i) (ii) (iii) (iv) (v) 3,000,000 10%

79 (vi) 10% (vii) (viii) > > > >

80 > >

81 82 139

82 6 1,907,135 1,547,695 6 1,094,059 615,062 3,001,194 2,162,757 (387,368) (280,113) 2,613,826 1,882,644 (1,092,086) (736,813) (186,513) (131,495) (320,144) (229,868) 7 177,300 19,877 8 1,192,383 804,345 9 239,207 345,099 18 (16,087) 1,415,503 1,149,444 13 (210,317) (181,649) 1,205,186 967,795 14 15 23.86 19.91 15 23.84 19.91 15 26.74 20.41 15 26.71 20.41 90 139

83 28,502 29,088 16 375,975 158,992 18 31,719 30 310,025 260,311 19 10,768 27,067 20 15,288 10,767 772,277 486,225 34(d) 12,678 26,320 19 186,476 48,143 20 309,175 219,229 21 3,923,373 952,382 21 2,688,951 4,321,170 7,120,653 5,567,244 7,892,930 6,053,469 22 486 486 4,967,923 3,612,595 4,968,409 3,613,081

84 29 106,340 70,194 29 2,150,531 1,849,655 27 15,576 12,883 34(d) 69,503 17,039 28 425,848 337,085 156,723 153,532 2,818,181 2,370,194 2,924,521 2,440,388 7,892,930 6,053,469 4,302,472 3,197,050 5,074,749 3,683,275 90 139

85 17 34(d) 1,607,905 1,428,791 19 631 7,837 17 34(d) 1,574,748 7,801 21 24,816 1,751,663 1,600,195 1,767,301 3,208,100 3,196,092 22 486 486 3,165,458 3,107,934 24 3,165,944 3,108,420 17 34(d) 34,232 15,594 34(d) 2,523 1,967 28 5,401 70,111 42,156 87,672 3,208,100 3,196,092 1,558,039 1,679,629 3,165,944 3,108,420 90 139

86 22 23 26 354,533 3,937 58,223 (271,125) 145,568 967,795 967,795 16,420 16,420 16,420 967,795 984,215 22(b)(v)) 464 464 22(c)) 22 2,934,593 2,934,615 (130,389) (130,389) 23(c)) (464,809) (464,809) (284) 284 26 61,676 (61,676) 88,928 54,489 143,417 486 2,893,132 (55,787) 20,357 119,615 635,278 3,613,081

87 22 2322(e) 26 486 2,893,132 (55,787) 20,357 119,615 635,278 3,613,081 1,205,186 1,205,186 (24,650) (24,650) (24,650) 1,205,186 1,180,536 22(e) (12,401) (12,401) 26 130,513 (130,513) 25(e) 187,193 187,193 486 3,067,924 (55,787) (4,293) 250,128 1,709,951 4,968,409 90 139

88 1,415,503 1,149,444 76,634 59,016 586 244 178,815 152,077 16,087 (41,281) (61) 17 (245,055) (406,307) 5,848 61,208 13,642 6,468 (6,224) (28,176) (94,467) (61,616) 781 337,022 699,496 2,693 4,185 67,429 (167,944) 110,593 122,962 1,837,764 1,591,855 (256,840) (182,638) 1,580,924 1,409,217

89 (2,970,991) 98,618 (266,541) (139,812) 2,153 342 143,110 393,718 (9,513) (432,866) (21,947) (3,101,782) (101,947) (66,472) (112,249) (12,401) 2,935,079 (195,909) (78,873) 2,626,921 (1,599,731) 3,934,191 4,321,170 437,804 (32,488) (50,825) 21 2,688,951 4,321,170 90 139

90 1 22 Fourth Floor, One Capital Place, P.O. Box 847GT, Grand Cayman, Cayman Islands Alibaba Group Holding Limited www.alibaba.com www.alibaba.com.cn B2BB2B 2 2.1 4 11 2 12 14 19

91 2 2.1 13 16 1 23 8 32 1 1 1 27 27 2 15 27 3 39 39 17 2.2

92 2 2.2 (a) (i) (ii)

93 2 2.2 (a) (b) 20% 50% 2.3 2.4 (a)

94 2 2.4 (b) (c) (i) (ii) (iii) 2.5 50 2.6 3 3 2 3 20

95 2 2.6 2.7 2.8 2.9 2.10

96 2 2.11 2.12 2.13 2.14 (a) (b)

97 2 2.14 (c)

98 2 2.15 2.16 B2B (a) B2B B2B

99 2 2.16 (b) (c) 5% 2.17 2.18 2.19 2.20

100 3 (a) 2%3 21 2 5%8 3 18 7 2% 3 5 80 5% (b) 50 3 2 92 32 6 33 3

101 3 (c) 12 (d) 34(d) (e) (f)

102 4 (a) 1 8 7 19 3 1 4 3 41 7 25(e) (b)

103 4 (c) 5 B2BB2B 6 Gold Supplier 1,842,884 1,503,331 41,082 32,825 (i) 23,169 11,539 1,907,135 1,547,695 1,026,883 594,098 (ii) 67,176 20,964 1,094,059 615,062 3,001,194 2,162,757 (i) (ii)

104 7 36 (i) 102,840 17,215 (ii) 41,281 (iii) 17,121 2,290 16,058 372 177,300 19,877 (i) (ii) (iii) 12 841 7 21 5 Alibaba.com Japan Co., Ltd. www.alibaba.co.jp B2B SOFTBANK CORP.SOFTBANKSOFTBANK 64.7%4 1 28 1 SOFTBANKB2B 8 7(ii) 31 41,281 61 10 1,041,684 756,803 76,634 59,016 54,692 40,602 5,064 1,967 586 244 17

105 9 (i) 245,055 406,307 (5,848) (61,208) 239,207 345,099 (i) 3 5 53 4 10 668,719 488,373 (i) 116,479 79,412 77,671 36,941 25(e) 178,815 152,077 1,041,684 756,803 7,992 5,292 (i)

106 11 1,348 315 8,232 7,364 201 194 9,781 7,873 (i) 76,182 45,582 85,963 53,455 (i) (a)(b) (c) 12 11 2 2 14 13

107 11 (i) (ii) 2,700 44 2,744 56,158 58,902 2,470 52 2,522 11,829 14,351 955 35 990 2,319 3,309 1,279 35 1,314 2,095 3,409 828 35 863 1,089 1,952 1,269 1,269 1,423 1,423 354 354 354 268 268 268 357 357 357 357 357 357 12 12 12 1,348 8,232 201 9,781 76,182 85,963 (i) (ii)

108 11 (i) (ii) 2,730 77 2,807 32,511 35,318 1,425 24 1,449 4,693 6,142 1,452 31 1,483 1,156 2,639 1,008 31 1,039 1,010 2,049 749 31 780 511 1,291 746 746 763 763 63 63 1,048 1,111 84 84 1,048 1,132 84 84 1,048 1,132 84 84 1,048 1,132 315 7,364 194 7,873 45,582 53,455 (i) (ii)

109 12 11 3,483 2,910 52 80 4,378 2,464 7,913 5,454 2,500,0013,000,000 2 3,000,0013,500,000 1 4,000,0014,500,000 1 2 2 13 260,031 230,085 30 (49,714) (48,436) 210,317 181,649

110 13 15% 3% 15% 25% 15% 15% 15% [2008] 1 25%

111 13 25%33% 1,415,503 1,149,444 25%33% 353,876 379,317 (155,763) (252,122) (i) (15,089) (9,376) (739) (446) (99) (ii) 34,308 22,643 (3,553) (3,847) 6,360 1,183 (iii) 35,313 210,317 181,649 (i) (ii) (iii) 50% 3% 14

112 15 1,205,186 967,795 5,052,130 4,859,882 23.86 19.91 (i) 26.74 20.41 1,205,186 967,795 5,052,130 4,859,882 4,218 5,056,348 4,859,882 23.84 19.91 (i) 26.71 20.41 (i) 0.89241.00000.97571.0000

113 16 70,795 16,039 16,645 2,850 6,975 113,304 81,002 8,561 9,363 31,538 130,464 (18,469) (3,364) (242) (2,775) (24,850) (38,965) (8,704) (11,272) (75) (59,016) (767) (86) (57) (910) 93,596 12,446 14,437 38,513 158,992 190,317 34,199 35,715 38,513 298,744 (96,721) (21,753) (21,278) (139,752) 93,596 12,446 14,437 38,513 158,992 93,596 12,446 14,437 38,513 158,992 98,060 23,318 10,010 170,700 302,088 (5,733) (394) (950) (7,077) (57,927) (8,432) (10,275) (76,634) (1,192) (88) (114) (1,394) 126,804 26,850 13,108 209,213 375,975 270,342 56,635 44,164 209,213 580,354 (143,538) (29,785) (31,056) (204,379) 126,804 26,850 13,108 209,213 375,975

114 17 42,748 1,565,157 1,428,791 1,607,905 1,428,791 1,574,748 7,801 (34,232) (15,594) 1,540,516 (7,793) Alibaba.com Investment 1 100% Holding Limited 15 100% 19 100% Alibaba.com China Limited 1 100% Alibaba.com (Europe) 1 100% Limited B2B 3 902 100%

115 17 Alibaba.com, Inc. 2 100% Alibaba.com Japan 1 100% Holding Limited Alibaba.com Japan 1 470 100% Investment Holding Limited Alibaba.com Singapore 1 100% Investment Holding Private Limited Alibaba.com Taiwan 1 100% Holding Limited 2 100% 14 100% 7 4 43 100% 1 100% 1 100% Inter Network Technology 2 100% Limited

116 18 (i) 48,195 (16,087) (389) 31,719 (i) (ii) (iii) 64.7% 35.3% Alibaba.com Japan 1 35.3% Co., Ltd. 1 35.3% 2 5 35.3%

117 18 (45,572) 94,739 (9,275) 19 36 25 34(f) 10,768 27,067 122,865 20,920 39,857 16,286 23,754 10,937 186,476 48,143 197,244 75,210 5.67%7.56%

118 19 7,131 631 706 631 7,837 20 29 21 341,027 1,566,907 2,347,924 2,754,263 2,688,951 4,321,170 3,923,373 952,382 6,612,324 5,273,552 24,816 1,751,663 75.2%66.3% 4.2%2.5%

119 22 1.00 (a) 50,000 50,000 396 (b)(i) (b)(ii) 8,000,000,000 800,000 770 1.00 (b)(iv) (50,000) (50,000) (396) 8,000,000,000 800,000 770 (a) 1 1 (b)(iii) (1) (1) (b)(v) 4,825,000,000 482,500 464 (c) 227,356,500 22,736 22 (d) 5,052,356,500 505,236 486 5,052,356,500 505,236 486 (e) (3,000,000) (300) 5,049,356,500 504,936 486 (a) (b) 50,0001.005 (i) (ii) (iii) (iv) (v) 80 (8,000,000,0000.0001 1.00 50,000 1.005 48 2 5 (4,825,000,0000.0001

120 22 (c) (d) (e) 0.0001 227,356,500 5,052,356,5000.0001 50 5 2 36 3,000,000 1 47 11 2 40 1 3 1,000,000 4.35 4.23 4,315 3,800 2,000,000 5.45 4.40 9,756 8,601 3,000,000 14,071 12,401 23 (a) B2B (b) (i) (ii) (c) B2B

121 24 22(e) (22) (22) 298,051 298,051 298,051 298,051 22(b (v) 464 464 22(c) 22 2,934,593 2,934,615 (130,389) (130,389) 5,701 5,701 486 2,809,905 298,029 3,108,420 486 2,809,905 298,029 3,108,420 24,485 24,485 24,485 24,485 22(e) (12,401) (12,401) 45,440 45,440 486 2,842,944 322,514 3,165,944 2 4 48 5 2 9 85 1

122 25 425% 6 10 135,100,000 2.68%2.67% 425%6 (a) (i) (ii) (i) (ii) 1.1638 51,566 0.5568 101,509 4.0499 1,284 2.1295 14,102 (iii) 1.5526 2,097 0.4742 3,875 0.8195 (1,870) 0.3297 (50,650) (iii) 0.9067 (4,192) 0.4148 (13,110) 1.8503 (2,161) 1.4995 (4,160) 1.2656 46,724 1.1638 51,566 0.9065 30,421 0.6531 19,129

123 25 (a) (i) (ii) (iii) (i) (ii) (ii) 0.0000 0.0375 707 2.1 0.0500 0.0750 1,740 4.4 1,917 5.6 0.1250 0.2030 3,313 5.4 3,954 6.4 0.3125 0.5625 8,903 2.0 10,315 3.1 0.8750 1.2500 12,109 3.2 13,842 4.3 1.6250 1.8500 12,074 3.9 12,210 4.9 2.0000 2.4700 6,615 4.5 7,791 5.5 2.6500 3.6500 713 5.2 450 5.8 4.0600 4.5400 1,257 5.2 380 5.8 46,724 3.6 51,566 4.6 (i) (ii)

124 25 (a) 1.32% 3.27% 3.46% 5.01% 0% 0% 4.25 4.38 4 (i) 50.8% 51.5% 45.1% 47.6% 1.7530 0.8924 (i) (i) (ii) (i) (ii) 2.01 3,055 4.22 35 2.01 3,139 2.00 17 2.01 (727) 2.00 (130) 2.00 (59) 2.00 (73) 2.00 (25) 2.05 2,177 2.01 3,055 (i) (ii)

125 25 (a) 4,900 20% 50% 5% 15% 40% 60% 412,561,581 29,341,695 0.58% (i) (ii) (ii) 176 82 76 7 19

126 25 (b) (i) (ii) (i) (ii) 6.80 68,990 6.80 68,990 6.80 285 6.80 (408) 6.80 (820) 6.80 68,047 6.80 68,990 6.80 17,017 (i) (ii) 17,016,750 4.7 5.7 3.91% 3.98% 0% 4 (i) 46.2% 2.77 (i) 100,000

127 25 (c) (i) (ii) 12.24 15,478 18.69 (670) 11.95 14,808 5.54 74 (i) (ii). (i) (ii) (i) 5.54 7,007 6.0 12.74 2,360 5.5 19.86 5,441 5.1 14,808 5.6 (i) (ii)

128 25 (c) 1.20% 3.50% 0% 4.25 4.38 (i) 45.9% 51.0% 4.37 (i) (i) (ii) 16.92 4,276 17.75 (212) 16.87 4,064 (i) (ii) 3,993,70011,146,456

129 25 (d) 40% 60% 28 2 8 37 8 (e) 11,379 (1,806) 9,573 13,718 62,203 (4,491) 57,712 49,668 19,167 (1,171) 17,996 14,999 94,444 (910) 93,534 73,692 187,193 (8,378) 178,815 152,077 26 10%50% 1 351 36 1 67 6

130 27 0 30 11,691 8,034 3160 1,785 2,753 6190 753 1,634 90 1,347 462 15,576 12,883 28 36 218,976 151,900 86,755 132,941 77,151 24,128 36,381 23,750 6,585 4,366 425,848 337,085 36 5,401 70,111

131 29 470,392 475,391 1,786,479 1,444,458 2,256,871 1,919,849 (2,150,531) (1,849,655) 106,340 70,194 30 12 25,487 17,303 12 345,192 288,319 370,679 305,622 12 (1,615) (1,620) 12 (59,039) (43,691) (60,654) (45,311) 310,025 260,311

132 30 260,311 211,875 13 49,714 48,436 310,025 260,311 (i) 219,946 6,861 25,670 252,477 58,674 296 (5,825) 53,145 278,620 7,157 19,845 305,622 39,725 2,685 22,647 65,057 318,345 9,842 42,492 370,679 (i) (40,602) (4,709) (45,311) (15,343) (60,654)

133 30 15%15% 13 1 8 2 74 1 6 8 78 53 5 82 73 4 22 14 18 4 18 75 62 64 62 6 77 6 31 (a) 38,888 481 4,431 (7,305) (2,393) 41,281 (b) 7 7 15 128 6 8 53 32

134 33 (a) (i) 2,825 11,501 120,788 83,587 123,613 95,088 (ii) 50 2 9 33 2 3 29 21 3 (b) 32,182 35,621 16,703 22,861 48,885 58,482 (c) 3,551 1,981

135 34 (a) (i) (ii)alipay E-Commerice Corp (iii) 2 1 5 (b) i (57,083) (41,069) ii (2,000) (306) iii (3,819) (2,909) (9,325) (3,945) (13,144) (6,854)

136 34 (b) iv 56,182 17,500 v 23,169 11,539 vi 11,840 1,661 vii 5,041 522 (c) viii (3,509) ix 4,504 24,491 x 15,200 (i) (ii) (iii) (iv) 5 78 3 4 16 9 2

137 34 (v) (vi) (vii) 15 % (viii) (ix) (x) 2 20

138 34 (d) 46 12,678 26,274 12,678 26,320 10,790 15,101 54,322 449 4,391 1,489 69,503 17,039 17 1,607,905 1,428,791 1,574,748 7,801 3,182,653 1,436,592 2,523 1,967 34,232 15,594 36,755 17,561

139 34 (e) 11 (f) 2,054 2,125 721 740 25(a) 35 11,000,000 7 9 2046 9 80 4 36

140 359,435 738,297 1,363,862 2,162,757 3,001,194 296,866 611,788 1,126,237 1,882,644 2,613,826 25,037 97,572 268,496 804,345 1,192,383 28,468 103,419 291,388 1,149,444 1,415,503 73,861 70,454 219,938 967,795 1,205,186 99,828 218,837 330,167 486,225 772,277 527,852 1,260,434 1,714,514 5,567,244 7,120,653 627,680 1,479,271 2,044,681 6,053,469 7,892,930 119,796 201,781 145,568 3,613,081 4,968,409 14,046 35,509 37,146 70,194 106,340 493,838 1,241,981 1,861,967 2,370,194 2,818,181 507,884 1,277,490 1,899,113 2,440,388 2,924,521 627,680 1,479,271 2,044,681 6,053,469 7,892,930