…Internet by Country = China Platforms = Lead User Numbers…in China Active Users By Platform 2.5B 2.2B 2.0B 2.0B obal Gl orm,1.5B tf la P by 1.0B 1.0B rs 0.7B Use e tiv 0.5B c A 0 Facebook Google Tencent Alibaba (All Platforms) (Android) (WeChat) (E-Commerce) China Asia (ex-China) Europe North America Rest Of World Source: Hillhouse Capital. Facebook (4/18), Google (5/17), Newzoo (Google Android USA estimate, 1/18), Tencent (3/18), Alibaba (5/18). Note: Facebook = MAUs, Google = MAUs (Newzoo Global Mobile Market Report estimates that there are 125MM active Android smartphones in the USA in 2017), Tencent WeChat = monthly active accounts 221 vs. users as many Chinese users have multiple accounts (ex. 688MM users sent red envelopes during the 2018 Chinese New Year), Alibaba = Annual active consumers. Estimated WeChat ex-China MAU <5% of total per Hillhouse. Estimate Alibaba ex-China annual active consumers (Lazada + Aliexpress) = 80MM annual active customers per Hillhouse.