…Alibaba = Extending Platform Beyond China Alibaba Non-China E-Commerce Highlights Selected Investment Revenue $3B 90% Company Country Category Type Date International Revenue = Daraz.pk Pakistan Marketplace M&A 5/18 8.4% vs. 7.9 Y/Y* ue en Tokopedia Indonesia Marketplace Equity 8/17 ev R $2B 60% h Paytm India Payments Equity 4/17 t w ro ommerce G Lazada Singapore Marketplace M&A 4/16 C Y / al Y $1B 30% on nternati I $0 0% 2012 2013 2014 2015 2016 2017 International Commerce Revenue Source: Alibaba, Pitchbook. *Percentages represent international commerce revenue proportion of total revenue. Note: All figures are calendar year. Revenue figures translated using the USD / CNY = 6.76, the average rate for 2017. Grey indicates 94 a majority control stake, all others are minority investments. Country based on headquarters, not countries of operation. Alibaba International Commerce revenue includes revenue generated from AliExpress, Lazada, and Alibaba.com.