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Alibaba Group

Florence Shih
+852 2215 5114
florenceshih@hk.alibaba-inc.com

Ashley Zandy
US: +1 917 655 7276
HK: +852 5490 2940
ashleyzandy@alibaba-inc.com

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Angela Ni
+852 3512 5073
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Ginny Wilmerding
+852 3512 5028
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Sard Verbinnen & Co.

Paul Kranhold
+1 415 618 8750
pkranhold@sardverb.com

Reze Wong
+1 415 618 8750
rwong@sardverb.com

April 08, 2014

Alibaba Group and Wasu Digital TV Media Group Announce Strategic Cooperation in Online Digital Content and Internet TV

Hong Kong, April 8, 2014 - Alibaba Group ("Alibaba"), an operator of leading online and mobile marketplaces, and Wasu Digital TV Media Group ("Wasu Group"), a leading new media and Internet culture industry group in China, today announced a strategic cooperation agreement to leverage each company's resources and technology to further develop online digital content and Internet TV offerings.

The two companies will explore opportunities to jointly promote product and content creation, as well as digital services that will expand Alibaba's digital entertainment offerings and strategy by drawing on Wasu Group's leadership in video services and extensive digital content library and user channels.

Alibaba and Wasu Group are optimistic about the future development of China's media industry, and will support each other in areas such as original content development, video communication, games, music, education, cloud computing, big data, as well as other areas of future exploration and investment in the media industry. Furthermore, Alibaba and Wasu Group are eager to explore additional possibilities for strategic, business, and technological cooperation to meet growing demand in China for more integrated TV, mobile, and Internet services.

Alibaba and Wasu Group, through Wasu's listed company Wasu Media Holdings Co. Ltd. ("Wasu Media"), have a track record of successful collaboration. They are excited to again work together, building on Alibaba and Wasu Media's partnership jointly launching the "Wasu Rainbow" set-top box in July 2013 powered by Alibaba's TV operating system. The move piloted a model of bringing online shopping and payments into living rooms and extending the Internet commerce ecosystem to an even broader user demographic.

Wasu Group is one of the leading new media companies in China with an extensive digital media content library, and is one of the first companies to receive an Internet TV license from the PRC government. Wasu Group provides digital TV and broadband service with a network of 20 million subscribers and its extensive user base will serve as one of Alibaba's distribution channels for digital entertainment content.

About Alibaba Group

Alibaba Group's mission is to make it easy to do business anywhere. Founded in 1999, the company is committed to developing a technology-driven commerce ecosystem for the benefit of consumers, merchants and service providers. Alibaba Group's major businesses include Taobao Marketplace (www.taobao.com), China's most visited online shopping destination according to Alexa.com; Tmall.com (www.tmall.com), China's leading online mall for quality, brand-name goods; Alibaba.com (www.alibaba.com), the leading global wholesale platform for small businesses; AliExpress (www.aliexpress.com), a popular international e-marketplace for consumers; and Alibaba Cloud Computing (www.aliyun.com), a developer of platforms for cloud computing and data management. Alipay (www.alipay.com), China's leading online and mobile payment solution, is an affiliate of Alibaba Group.

Media Contacts

Alibaba Group

Florence Shih
+852 2215 5114
florenceshih@hk.alibaba-inc.com

Ashley Zandy
US: +1 917 655 7276
HK: +852 5490 2940
ashleyzandy@alibaba-inc.com

Brunswick Group

Angela Ni
+852 3512 5073
ani@brunswickgroup.com

Ginny Wilmerding
+852 3512 5028
GWilmerding@brunswickgroup.com

Sard Verbinnen & Co.

Paul Kranhold
+1 415 618 8750
pkranhold@sardverb.com

Reze Wong
+1 415 618 8750
rwong@sardverb.com