Jack Ma Gives Students 100 Reasons to Care about Alibaba.com

Hong Kong – May 7, 2009 – At most annual meetings, the chairman gives out stock advice but today Jack Ma of Alibaba.com surprised 80 business school students with a gift of 100 shares.  The students from Chinese University of Hong Kong and the University of Hong Kong were invited to attend Alibaba.com’s second annual general meeting along with 300 shareholders, customers and other guests.

Ma, a former English teacher who founded Alibaba Group a decade ago, told the students he hoped the gift would give them a strong personal incentive to follow not just the performance of Alibaba.com, but also deepen their interest in business and entrepreneurship.  The shares came from Alibaba Group and are tradable stock of Alibaba.com.

On Wednesday, Alibaba.com said revenue for the first quarter rose 19 percent to
RMB807 million from RMB680 million a year earlier.  The company’s total number of Chinese exporter customers jumped 96% year on year to 55,810 on the introduction of its new entry-level product Gold Supplier Starter Pack and registered users topped 40 million.

About Alibaba.com Limited

Alibaba.com Limited (HKSE: 1688) (HK.1688) is the global leader in business-to-business (B2B) e-commerce and the flagship company of Alibaba Group. Founded in 1999, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online through three marketplaces: a global trade marketplace (www.alibaba.com) for importers and exporters, a Chinese marketplace (www.alibaba.com.cn) for domestic trade in China, and, through an associated company, a Japanese marketplace (www.alibaba.co.jp) facilitating trade to and from Japan. Together, its marketplaces form a community of 40 million registered users from more than 240 countries and regions. Headquartered in Hangzhou, Alibaba.com has offices in more than 40 cities across Greater China as well as in Europe and the United States.