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Page 1: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 2: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 3: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 4: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 5: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 6: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 7: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 8: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 9: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 10: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 11: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 12: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 13: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 14: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 15: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 16: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 17: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 18: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 19: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 20: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 21: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 22: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 23: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 24: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 25: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 26: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 27: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 28: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 29: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft

CONSUMER OPERATIONS MODEL

2016 INVESTOR DAY

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2016 INVESTOR DAY

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Page 33: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 34: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft

�

Page 35: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 36: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft

2016 INVESTOR DAY

Page 37: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 38: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
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Page 44: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft
Page 45: Jing Jie-投资者大会演讲-150613－－靖捷final(no data …alibabagroup.com/en/ir/pdf/160614/04.pdf ·  · 2018-05-085pq #sboet 5ibu "sf 3fqsftfoufe #z 1vcmjdmz 5sbefe $pnqbojft

2016 INVESTOR DAY

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