China On-Demand Transportation = Global Leader... 4B+ Annualized Trips (+4x Y/Y...~70% Global Share) Annualized Global On-Demand Transportation Trip Volume by Region, Q1:13 – Q1:16 ~25MM ~750MM ~1.7B ~6.3B Annualized 30x Y/Y 2.3x Y/Y 3.7x Y/Y Trip Volume China N. America EMEA India SE Asia ROW Q1:13 Q1:14 Q1:15 Q1:16 Source: Hillhouse Capital estimates, include on-demand taxi, private for-hire vehicles, as well as on-demand for-hire motorbike trips booked through smartphone apps. KPCB INTERNET TRENDS 2016 | PAGE Hillhouse Capital 180