Ant Financial (~$60B Valuation*) = Leveraging Alibaba AliPay Scale... Building China Financial Services One-Stop-Shop Savings / MoneyMarket SMB Lending Funds $100B+ 260MM+ Users Cumulative Loans $150B+ AUM Payment 450MM+ AliPay Users $1+ Trillion Payment Volume in 2015 Consumer Loan / Instant Credit Credit Bureau / 50MM+ Online Insurance Cumulative / P2P Lending... Consumer Loan Users Source: Media reports, Ant Financial. *Financing in 4/16 KPCB INTERNET TRENDS 2016 | PAGE Hillhouse Capital 178