Alibaba, Ant Financial, and TDAP partner to support growth of SMEs in Pakistan through e-commerce

Alibaba, Ant Financial, and TDAP partner to support growth of SMEs in Pakistan through e-commerce

Hangzhou, China, 2017-May-19 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA), the world’s largest online and mobile commerce company, has announced the signing of a memorandum of understanding (MoU) with the Trade Development Authority of Pakistan (TDAP) during Prime Minister Nawaz Sharif’s visit to the Alibaba Headquarters in Hangzhou, China.

Alibaba Group’s Executive Chairman, Jack Ma and Prime Minister Nawaz Sharif witnessed the signing of the Memorandum of Understanding. Michael Evans, President of Alibaba Group, and Douglas Feagin, Senior Vice President of Global Business of Ant Financial, signed the Memorandum on behalf of Alibaba and Ant Financial, respectively.

Prime Minister of Pakistan, Mian Muhammad Nawaz Sharif said: “I am honored to have had the opportunity to visit the Alibaba Headquarters in Hangzhou, China. Today by entering into this agreement with Alibaba and Ant Financial we further strengthen mutual cooperation and look to bring about a positive change for our small and medium enterprises. With the support of the Alibaba Group and Ant Financial we hope to elevate our local businesses to new heights and bring them into the realm of the e-commerce platform.”

Alibaba Group’s Executive Chairman, Jack Ma said: “With the globalization of e-commerce, developing countries are well-placed to support the growth of their small and medium enterprises and to seize opportunities which can help bolster their economies. E-commerce has been established for developing countries and for SMEs. Pakistan has seen significant progress in recent years and we look forward to working together with TDAP to further enhance the potential of their SMEs through the signing of this MoU.”

Under the terms of the MoU, Alibaba, Ant Financial, and TDAP agree to foster growth of worldwide exports of products by small and medium sized enterprises (SMEs) in Pakistan through e-commerce. Online and offline training programs for the SMEs will also be conducted by Alibaba in a bid to assist SMEs with on-boarding on to Alibaba’s platforms and optimizing exports through e-commerce.

TDAP will help identify suitable SMEs to participate in the training programs while Alibaba will be responsible for providing industry analysis to TDAP to assist them in their selection process.

In addition, Alibaba, Ant Financial and TDAP have agreed to promote the growth of financial services in Pakistan in areas such as mobile and online payment services. The parties have also agreed to adopt cloud computing services to support the online and mobile e-commerce businesses of SMEs in Pakistan.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

SOURCE: Alibaba Group

Media Contacts

Rico Ngai
Alibaba Group
+852 9725 9600
rico.ngai@alibaba-inc.com

Sophie Yu
Alibaba Group
+86 13501221600
sophie.yxf@alibaba-inc.com

Alibaba Group to host the quarter and fiscal year 2017 financial results conference call on May 18, 2017

Hangzhou, China, 2017-Apr-30 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today (April 27, 2017) announced that it will report its unaudited financial results for the quarter and fiscal year ended March 31, 2017 before the U.S. market opens on Thursday, May 18, 2017, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day.

Details of the conference call are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 12468148

A live webcast of the earnings conference call can be accessed at http://www.alibabagroup.com/en/ir/earnings. An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 12468148).

Please visit Alibaba Group’s Investor Relations website at http://www.alibabagroup.com/en/ir/home on May 18, 2017 to view the earnings release and accompanying slides prior to the conference call.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

SOURCE: Alibaba Group Holding Limited

Investor Contact:

Rob Lin
Investor Relations
Alibaba Group Holding Limited
investor@alibabagroup.com

Alibaba Group Holding Limited hosts Investor Day on Tuesday, June 14, 2016 in Hangzhou, China

Hangzhou, China, 2016-Jun-14 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced that it will host an Investor Day on Tuesday, June 14, 2016 China Time at Alibaba Xixi Headquarters, Hangzhou, China.

Speakers will include Joe Tsai (Executive Vice Chairman), Daniel Zhang (CEO), Maggie Wu (CFO) and other members of our senior management team.

We will provide a live webcast of key executive sessions of Investor Day at or around the following times:

  • 8:45 am-9:15 am China Time (8:45 pm-9:15 pm on June 13, 2016, U.S. Eastern Time); and
  • 5:30 pm-6:10 pm China Time (5:30 am-6:10 am on June 14, 2016, U.S. Eastern Time)

The webcast will be available at http://www.alibabagroup.com/en/ir/home. A replay of the webcast and a summary of the day’s presentations will be available through the same link following the event.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce and engage with hundreds of millions of consumers and other businesses.

Alibaba Group Holding Limited files its annual report on Form 20-F for the fiscal year ended March 31, 2016

Hangzhou, China, 2016-May-25 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2016. The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at http://alibabagroup.com/en/ir/secfilings.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Alibaba Group, 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong.

Media Contacts

Robert Christie
Alibaba Group
bob.christie@alibaba-inc.com

Haili Cao
Alibaba Group
haili.chl@alibaba-inc.com

Alibaba Group Holding Limited to report its unaudited financial results for the quarter ended December 31, 2015 on January 28, 2016

Hangzhou, China, 2016-Jan-14 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced that it will report its unaudited financial results for the quarter ended December 31, 2015 before the U.S. market opens on Thursday, January 28, 2016, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Hong Kong Time) the same day.

Details of the conference call are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
China: 400 620 8038 or 800 819 0121
Conference ID: 24260474

A live webcast of the earnings conference call can be accessed at http://www.alibabagroup.com/en/ir/earnings. An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 24260474).

Please visit Alibaba Group’s Investor Relations website at http://www.alibabagroup.com/en/ir/home on January 28, 2016 to view the earnings release and accompanying slides prior to the conference call.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.

Alibaba Group’s major businesses include:

  • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination
  • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers
  • Juhuasuan (www.juhuasuan.com), China’s most popular online group buying marketplace
  • Alitrip (www.alitrip.com), a leading online travel service platform
  • AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China
  • Alibaba.com (www.alibaba.com), China’s largest global online wholesale platform for small businesses
  • 1688.com (www.1688.com), a leading online wholesale marketplace in China
  • AliCloud (www.alicloud.com), a provider of cloud computing services to businesses and entrepreneurs

Investor Contact

Jane Penner
Investor Relations
Alibaba Group Holding Limited
investor@alibabagroup.com

SOURCE: Alibaba Group Holding Limited

Alibaba Group Holding Limited announces the acquisition of South China Morning Post and other media assets of SCMP Group Limited

Hong Kong, 2015-12-18 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) announced today that it has entered into a definite agreement to acquire the South China Morning Post (SCMP) and other media assets of SCMP Group Limited (SEHK: 0583).

The agreement combines the heritage and editorial excellence of the SCMP with Alibaba’s digital expertise to provide comprehensive and insightful news and analysis of the big stories in Hong Kong and China.

“The South China Morning Post is unique because it focuses on coverage of China in the English language. This is a proposition that is in high demand by readers around the world who care to understand the world’s second largest economy,” said Joe Tsai, executive vice chairman of Alibaba Group. “Our vision is to expand the SCMP’s readership globally through digital distribution and easier access to content.”

“With proven expertise especially in mobile Internet, Alibaba is in an excellent position to leverage technology to create content more efficiently and reach a global audience,” said Robin Hu, Chief Executive Officer of SCMP. “We welcome Alibaba’s commitment to invest additional resources in its editorial and business operations to make the SCMP even stronger.”

Apart from the flagship South China Morning Post newspaper, the agreement includes the acquisition of the magazine, recruitment, outdoor media, events & conferences, education and digital media businesses of SCMP Group Limited. Besides the broadsheet, other SCMP titles include the Sunday Morning Post, its digital platforms SCMP.com and related mobile apps, and the two Chinese websites Nanzao.com and Nanzaozhinan.com. The acquisition also includes a portfolio of magazine titles including the Hong Kong editions of Esquire, Elle, Cosmopolitan, The PEAK and Harper’s Bazaar.

About Alibaba Group
Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.

Alibaba Group’s major businesses include:

  • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination
  • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers
  • Juhuasuan (www.juhuasuan.com), China’s most popular online group buying marketplace
  • Alitrip (www.alitrip.com), a leading online travel service platform
  • AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China
  • Alibaba.com (www.alibaba.com), China’s largest global online wholesale platform for small businesses
  • 1688.com (www.1688.com), a leading online wholesale marketplace in China
  • AliCloud (www.alicloud.com), a provider of cloud computing services to businesses and entrepreneurs

Media Contacts

Robert H. Christie
Alibaba Group
+1 917 860 9410
bob.christie@alibaba-inc.com

Rachel Chan
Alibaba Group
+852 9400 0979
rachelchan@hk.alibaba-inc.com

SOURCE: Alibaba Group Holding Limited

Alibaba Group Holding Limited announced the official launch of its Entrepreneurs Fund for Hong Kong

Hong Kong,  2015-11-23 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Hong Kong, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Hong Kong Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to mainland China and the world. HK$1 billion has been earmarked for the Hong Kong Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Hong Kong Entrepreneurs Fund includes Dr. Allan Zeman, founder and chairman of Lan Kwai Fong Group; Mr. Bernard Chan, president of Asia Financial Group and Asia Insurance, and Mr. Savio Kwan, an independent business consultant who was instrumental in developing Alibaba as president and chief operating officer from 2001 to 2003.

Ms. Cindy Chow will serve as the executive director of the Fund. Cindy joined Alibaba Group in 2007 and has worked in the financial control and planning capacity, most recently as senior director of international finance.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Hong Kong. I am delighted to have the support from the Fund’s directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to manage the investment program. The Fund has selected its first Investment Manager, Gobi Partners, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program. Gobi Partners was established over ten years ago, focusing on home-grown innovation that was emerging from IT, TMT convergence, and the digital media revolution in China. Gobi now manages six funds with offices across Asia. For over a decade, Gobi invested in over 100 innovative companies in China and Southeast Asia.

Interested parties may visit the www.ent-fund.org for details about the investment programs.

The Fund will also provide 200 internship opportunities each year for graduates and final year students of local tertiary education institutions to work for a period of six to 12 months at Alibaba or companies in the Alibaba ecosystem in mainland China. The Fund’s board of directors will establish the policies of the internship program, which is expected to accept applicants who will complete their undergraduate degrees in 2016.

Media Contacts

Crystal Chan
Alibaba Group
+852 9313 5060
crystal.chan@alibaba-inc.com

Crystal Liu
Alibaba Group
+852 6378 5626
crystal.liu@alibaba-inc.com

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Alibaba Group Holding Limited announced the official launch of its Entrepreneurs Fund for Hong Kong

Members of the Governing Board of The Hong Kong Entrepreneurs Fund officiated the Fund’s launch ceremony. From left to right: Mr. Joe Tsai, Dr. Allan Zeman, Mr. Bernard Chan and Mrs. Cindy Chow

Alibaba Group Holding Limited announces the official launch of its Entrepreneurs Fund for Taiwan

Taipei, TAIWAN, 2015-11-23 — /EPR Retail News/ — Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Taiwan, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Taiwan Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Taiwan that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to Greater China and the world. NT$10 billion has been earmarked for the Taiwan Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Taiwan Entrepreneurs Fund includes Mr. Charles Yen, co-founder and principal of the AAMA Taipei cradle program, Mr. Joseph Tsai, senior executive vice president of Cathay Financial, and Mr. Danny Chiu, chairman and CEO, Morrison Express Corp.

Mr. Andrew Lee, former chief financial officer of EnTie Bank, will serve as executive director of the Taiwan Fund. Highly experienced in finance and management, Mr. Lee served international and Taiwan financial institutions. He specializes in fundraising, mergers & acquisitions, organizational development, and financial and risk management.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Taiwan. I am delighted to have the support from the Fund’s directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to source and evaluate business proposals and manage the investment program. The Fund has selected its first Investment Manager, a subsidiary of China Development Industrial Bank, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program.

With over 50 years’ experience, China Development Industrial Bank’s (CDIB) principal investment business commands 30% of the market share, giving it a leading position in Taiwan’s market. In recent years, CDIB has been leveraging its strengths and experience accumulated over the years assisting companies in Taiwan to be actively engaged in fundraising and management of private equity funds and strive toward its objective of becoming a world-class private equity fund manager based in the Asia Pacific Region.

Interested parties may visit the www.ent-fund.org for details about the investment programs.

Media Contacts

Shunna Hsieh
Alibaba Group
+886 988 566 310
shunna.hsieh@alibaba-inc.com

Crystal Chan
Alibaba Group
+852 9313 5060
crystal.chan@alibaba-inc.com

SOURCE: Alibaba Group Holding Limited

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Alibaba Group Holding Limited announces the official launch of its Entrepreneurs Fund for Taiwan

Alibaba Group Holding Limited announces the official launch of its Entrepreneurs Fund for Taiwan