Press Release

Alibaba Entrepreneurs Fund’s Support to Hong Kong Start-up Scene Drives Results

Hong Kong, January 16, 2017

Plans to roll out more initiatives in 2017 to support Hong Kong’s budding entrepreneurs

The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative run by Alibaba Group Holding Limited (NYSE: BABA), today shared its achievement in investment, internship and training programs on its first year of operations since establishment in November 2015.

The Fund’s investment program saw encouraging results in the first year. After assessing over 500 business proposals submitted by local hopefuls, the Fund invested about HK$78 million (or US$10 million) into six promising startups in e-commerce, O2O and media sectors across all funding stages. The six visionary startups - Shopline, YEECHOO, Grana, GoGoVan, NOSH and DayDayCook - reported significant growth during their first year of investment from the Fund, and the importance to the wider economy can be seen in the job-creation potential of these firms which saw on average 36% rise in staff over the last year. To further expand the horizons of the respective founders, constructive meetings were arranged with Alibaba’s business units and affiliated companies to discuss potential collaboration and explore synergies, which these companies can leverage to scale up their business operation both locally and regionally.

Mrs. Cindy Chow, executive director of the Fund, said: “The encouraging performance of the six portfolio companies has shown that provided the right resources and support, the growth potential of Hong Kong-based startups is significant. We noticed over the past year, the startup community in Hong Kong has experienced rapid growth, with many quality startups in the e-commerce, O2O, logistics, fintech, healthtech and internet of things sectors emerging.”

In its approach to this sector, Alibaba recognizes that attracting new talent to the workforce and education for those within it is just as important to support direct investment. In line with this, the Fund runs an internship program that has attracted over 800 applications from Hong Kong universities. During the 6-month internship, students were placed throughout the companies within Alibaba’s ecosystem. For the 2016 intake, over 60% of the interns worked in platform operation positions and got first-hand experience in running Alibaba’s record-breaking Singles Day in November. For those already in the workforce, the “Taobao E-commerce Training Program” offered professional training during the weekends for participants who are interested to learn the theory and operations skills required for the e-commerce sector. The Fund has also facilitated the first “CEO e-commerce class” in Hong Kong, run by Taobao University, to share with senior executives of corporates the latest trends and skills in e-commerce.

Looking to 2017, the Fund will continue to support Hong Kong’s budding entrepreneurs through capital investment, and help already invested companies to scale up their business presence faster by tapping into Alibaba’s ecosystem and network resources globally. In addition, the Fund will work with relevant Hong Kong Government agencies, incubators and co-working spaces to promote Hong Kong as a global start-up hub where innovation and creative ideas are able to flourish. Both the internship program and e-commerce training, having been very popular, will continue to provide real experience and insight to develop the skills of participants keen on the sector.

“We are confident about the growth prospects of the startups in Hong Kong, as Hong Kong’s entrepreneurs are often equipped with a global mindset, high degrees of professionalism and innovative thinking. We believe that the powerful imagination of these entrepreneurs, when realized, will become an invigorating force to boost Hong Kong’s innovation economy,” added Cindy.

Parties interested in learning more about the investment program may refer to the attached infographic or visit www.ent-fund.org for details.

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Alibaba’s Hong Kong Entrepreneurs Fund Announces Investments in Three Rising Hong Kong Companies

Hong Kong, September 29, 2016

Hong Kong, September 29, 2016 – The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative of Alibaba Group Holding Limited (NYSE: BABA), announced today the investments in three rising companies based in the city. This is the second round of investments made into exciting early staged companies since the Fund was established in November 2015.

The three companies selected to receive minority investments are Grana, a fashion e-commerce retailer that offers wardrobe essentials created from quality fabrics sourced around the world, with the mission to offer genuine quality clothing accessible to everyone; NOSH, an O2O food delivery company that prepares and delivers fresh, ready-to-eat meals that are each under 550 calories and packed in biodegradable materials, catering to health-conscious, eco-friendly consumers; DayDayCook, a leading creator of food and lifestyle content in Asia, which produces bilingual cooking videos with recipes and step-by-step instructions for a wide range of cuisines.

At different stages of development, the three companies have managed in a short time to establish a substantial local operation and reached the point of looking for early-stage investment.

Mrs. Cindy Chow, executive director of the Fund, commented: “Over the past few months, we are thrilled to discover and get in touch with so many talented and visionary entrepreneurs who are starting their businesses in Hong Kong. The three selected companies in this round impressed us particularly with their unique value propositions, innovative business models, growth potential and their team members’ entrepreneurship.”

“We are also excited to see that Hong Kong has become an increasingly attractive city for global talents to start their businesses,” added Ms. Chow, “That’s why we see entrepreneurs, like the founders from Grana and NOSH, choose Hong Kong as the hub to launch their businesses and realize their startup dreams. Alibaba Entrepreneurs Fund is committed to supporting the healthy growth of Hong Kong’s startup ecosystem with our local partners.”

The Fund, fully managed and run by the Alibaba Group, was established with a mandate to engage with the startup community in Hong Kong and select companies that stand out in terms of innovation and unique value proposition for direct investment. As well as supporting and developing entrepreneurship, the Fund seeks those who would most benefit from the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services. With the fund’s investment, aspiring entrepreneurs from around the world can establish their foothold in Hong Kong and make use of the Alibaba platform to scale up their operations both in Hong Kong and in the world.

Luke Grana, CEO and Founder of GRANA said: “Our success is a testament to the amazing and talented in-house team, who have dedicated themselves to making quality products and creating a brand that drives so much word-of-mouth and online advocacy for us. We’re honored to have Alibaba as a lead investor and the continued support from existing investors as strategic partners.”

Maximilian von Poelnitz, Founder of NOSH, said: "The partnership with Alibaba gives NOSH access to world class inventory management software, logistics best practices, and a venture capital investor that can help with fund raising in the future. With Alibaba we will be able to scale up our already thriving business both in Hong Kong and abroad.”

Norma Chu, Founder of DayDayCook, said: “DayDayCook specialises in content creation. Lifestyle and products are seamlessly blended into our content and with Alibaba’s investment, there are significant synergies from data analytics to stock keeping unit expansion to traffic support. This marks an important milestone for DayDayCook's expansion into content e-commerce.”

This is the second batch of investment from the Fund, with the first round having taken place in May 2016 when the Fund invested in YEECHOO, Shopline and GoGoVan. Since its establishment, the Fund has received more than 500 applications from entrepreneurs whose companies are in different stages of development but all with their roots in Hong Kong. After this latest success, the Fund will continue with its mission to look for, and engage with, promising entrepreneurs both in Hong Kong and those based overseas who are interested in setting up and growing their company operations in the city.

Parties interested in learning more about the investment program may visit www.ent-fund.org for details.

GRANA

Nosh

DayDayCook

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Taobao E-commerce Training Program Launches in Hong Kong to Train e-commerce Professionals for Local Businesses

Hong Kong, May 24, 2016

Hong Kong, May 24, 2016 -- The Hong Kong Federation of Youth Groups, Hong Kong Youth and Professional Network, Alibaba Hong Kong Entrepreneurs Fund and Alibaba.com today announced the launch ofthe Taobao E-commerce Training Program (“the Program”), offering for the first time in Hong Kong a range of professional training courses on e-commerce geared for local businesses.

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Extensive e-Commerce Training

The Program offers its students a total of 40 hours of professional training that covers e-commerce strategy, practice and need-to-know skills, including the mechanics of e-commerce, online cross-border trading, promotional activities, online sales, store planning, consumer psychology, as well as case studies in marketing and SME financing.

Mr. Ken Ngai, Head of Information Technology of TheHong Kong Federation of Youth Groups, said that The HKFYG Jockey Club Social Innovation Centre provides co-working space, seed fund, mentorship, business network and various support for local young entrepreneurs and social innovators. With the growing popularity of e-commerce, some entrepreneurs seek to leverage e-commerce platforms to run their businesses. Against this backdrop, the Program will help them learn how to promote their products and explore global markets.

Mr. Ngai added that the Program will play a key part in training fresh talent to meet the growing demand for individuals with e-commerce skills. He encouraged people engaged in or who are interested in developing an e-commerce career to apply for the training. Upon course completion, graduates will have the opportunity to work for the Program’s supporting organizations to sharpen their skills in the e-commerce sector.

Mrs. Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund, said the Program would be helpful in addressing the lack of professional e-commerce training in Hong Kong.

“The Program is designed to nurture professionals who can support the growth of Hong Kong businesses in the e-commerce sector. In designing the Program, we kept the real business needs of local enterprises in mind and drew on experiences from Taobao University and Alibaba Group's education institute.” said Mrs. Chow. “Instructors from Taobao University with rich e-commerce experience will provide their insights from both a theoretical perspective and from real-life practice. We hope participants can apply what they learn from the classes to real work. In the first year, we aim at supplying about 100 qualified graduates to the e-commerce talent pool for local enterprises.”

Ms. Eunice Yung, Chairman of the Hong Kong Youth & Professional Network, expressed her excitement about the strong support from local businesses: “One important mission for the Program is to nurture e-commerce talent for local businesses, so their support is crucial. Since last year, our network has been engaging local businesses to understand more about their talent requirement. It turns out that many are keen to offer job opportunities to outstanding graduates. In that regard, the Program serves two purposes: it helps graduates gain more real-life practice and experience, while also meeting the needs of local businesses.”

Mr. Rick Ng, Head of Sales at Alibaba.com Hong Kong, said: “Hong Kong companies have extensive experience in cross-border B2B trading and they are increasingly eager to explore further trade opportunities through e-commerce, because data analysis could help them lower operating costs and adjust their marketing strategies. To grow the e-commerce business, local companies first need to find the right talent and build the right team. With the aim of supplying e-commerce talent through professional training, the Program helps fill the talent demand gap and reduce the hiring cost for local businesses. As such, the Program can bring forward Hong Kong’s e-commerce culture and eventually foster the city’s development in the Internet-based economy.”

Taobao e-Commerce Training Program

Online application period: From 24 May to 19 June

Online application method: Visit: http://sic.hkfyg.org.hk/taobaoec

Fees: Application fee: HK$100; Course fee: HK$1,500

Training venue: The Hong Kong Federation of Youth Groups Jockey Club Social Innovation Centre 11B-E, Genesis, 33-35 Wong Chuk Hang Road, Hong Kong

Minimum requirements: Form 5 graduate or5 passes in HKDSE

Training directions: 1) e-Commerce operation; 2) online cross-border trading; 3) platform promotion; 4) online sales; 5) online marketing; 6) trade finance

About Alibaba Hong Kong Entrepreneurs Fund

The Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to support the career and entrepreneurial aspirations of entrepreneurs in Hong Kong. The Fund’s mission is to help Hong Kong entrepreneurs realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. Two programs will be run to fulfill this mission. The Investment Program is for entrepreneurs in Hong Kong to access investment capital and receive mentorship to help them scale up their businesses and tap into the Mainland China and global markets through the Alibaba ecosystem. The Internship Program provides graduates and final year students of tertiary educational institutions in Hong Kong with opportunities to gain real world experience by working in Alibaba or its related companies in Mainland China.

About Alibaba.com

Launched in 1999, Alibaba.com (www.alibaba.com) is the leading global e-commerce platform for small businesses around the world. It aims to be the go-to English-language platform for cross-border trade and help small businesses worldwide expand to overseas markets. The platform, which now serves millions of buyers and suppliers from more than 240 countries and regions, showcases products ranging from raw materials to finished goods in more than 40 industry categories.

About The Hong Kong Federation of Youth Groups

The Hong Kong Federation of Youth Groups (HKFYG) is now the city’s main youth work organisation. Since its establishment in 1960, the Federation has been providing opportunities and facilities for the social, educational, cultural and physical development of young people. Income is obtained primarily from government subvention, as well as grants from the Community Chest of Hong Kong, the Hong Kong Jockey Club Charities Trust, other trust funds, programme fees, and both private and corporate donations.

The Federation is committed to setting up a youth membership network, while continuing to provide quality services that address the issues and concerns of young people’s problems and by promoting healthy all-round development. Over 60 service units organise more than 20,000 activities annually, with attendance to the various programmes now standing at 5 million a year.

About Hong Kong Youth & Professional Network

HKYPN is a non-profit organization founded 2015 in HK with advisers from financial, social media, technology, education, medical, retail industries. HKYPN is formed by a group of young professionals who are willing to serve the community and with similar interests. HKYPN aims to provide a platform for youths to expand their horizon and to create new opportunities and ideas for startups and self improvements.

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Alibaba Entrepreneurs Fund Announces Investments in Three Early-Stage Hong Kong Companies

Hong Kong, May 5, 2016

Hong Kong, May 5, 2016 – The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative of Alibaba Group Holding Limited (NYSE: BABA), which was set up last November to support entrepreneurs in Hong Kong, today announced the selection of three early-stage companies as the first batch of companies to receive minority investments from the Fund.

The three companies are YEECHOO, Shopline and GoGoVan. YEECHOO operates an online designer apparel rental business; Shopline provides cloud-based computing solutions for small and medium-sized companies to launch and manage ecommerce operations; and GoGoVan offers intra-city logistics services through a real-time platform that connects customers with a network of delivery service providers. The three companies are based in Hong Kong with significant local operations.

Mr. Joseph Tsai, executive vice chairman of Alibaba Group and director of the Fund, said: “These companies embrace technology to create value for the society, and we are excited to work with them and help them grow their businesses with resources available from the Fund and Alibaba Group. The entrepreneurs behind these companies also exemplify the entrepreneurial spirit in Hong Kong. We look forward to supporting more aspiring entrepreneurs in Hong Kong in the future.”

In addition to funding, the companies will have the opportunity to leverage resources from Alibaba Group’s vibrant ecosystem in order to scale and accelerate the expansion into other markets.

Since November 2015, the Fund has received more than 200 applications from entrepreneurs whose companies were in different stages of development. The three companies were selected after several rounds of management interviews and extensive due diligence reviews. The Fund will continue to look for promising entrepreneurs and engaging them through discussion of their business plans.

Mrs. Cindy Chow, executive director of the Fund, commented: “The response and overall enthusiasm from applicants from a wide range of sectors were very encouraging. Over the past few months, we have been working closely with incubators and universities in Hong Kong to identify qualified entrepreneurs as we hope to be more supportive of the growth and expansion of startups in Hong Kong.”

Abby Zhang and Shan Shan, co-founders of YEECHOO, noted: “We see the partnership with Alibaba as a major milestone in YEECHOO’s expansion plan and are very excited about it. It will enable synergies to be created between YEECHOO and other players in the Alibaba ecosystem. With Alibaba's strong support, YEECHOO will have a deeper impact across a wider audience as we promote a whole new lifestyle. It will also help more and more Hong Kong women create fashionable experiences at an affordable cost.”

Tony Wong, co-founder and CEO of Shopline, said: “We believe the Fund’s investment presents a huge opportunity for Shopline to learn from the best. Alibaba is the world’s largest e-commerce company with expertise in payment, logistics and cloud services that are all core to e-commerce. This will help us strengthen our market positioning in Hong Kong and Taiwan, and fuel the next stage of our growth.”

Steven Lam, founder of GoGoVan, said: “With the Alibaba Entrepreneurs Fund’s support, we look forward to growing our enterprise in Hong Kong to other markets and countries. We aim to continue our MOVE IT business philosophy by leveraging resources of the Alibaba ecosystem to our advantage in the logistics sector.”

Parties interested in learning more about the investment program may visit www.ent-fund.org for details.

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Alibaba Launches Entrepreneurs Fund for Hong Kong

Hong Kong, November 19, 2015

HONG KONG, November 19, 2015 - Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Hong Kong, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Hong Kong Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to mainland China and the world. HK$1 billion has been earmarked for the Hong Kong Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Hong Kong Entrepreneurs Fund includes Dr. Allan Zeman, founder and chairman of Lan Kwai Fong Group; Mr. Bernard Chan, president of Asia Financial Group and Asia Insurance, and Mr. Savio Kwan, an independent business consultant who was instrumental in developing Alibaba as president and chief operating officer from 2001 to 2003.

Ms. Cindy Chow, will serve as the executive director of the Fund. Cindy joined Alibaba Group in 2007 and has worked in the financial control and planning capacity, most recently as senior director of international finance.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Hong Kong. I am delighted to have the support from the Funds’ directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to manage the investment program. The Fund has selected its first Investment Manager, Gobi Partners, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program. Gobi Partners was established over ten years ago, focusing on home-grown innovation that was emerging from IT, TMT convergence, and the digital media revolution in China. Gobi now manages six funds with offices across Asia. For over a decade, Gobi invested in over 100 innovative companies in China and Southeast Asia.

Interested parties may visit the www.ent-fund.org for details about the investment programs.

The Fund will also provide 200 internship opportunities each year for graduates and final year students of local tertiary education institutions to work for a period of six to 12 months at Alibaba or companies in the Alibaba ecosystem in mainland China. The Fund’s board of directors will establish the policies of the internship program, which is expected to accept applicants who will complete their undergraduate degrees in 2016.

Alibaba Launches Entrepreneurs Fund for Taiwan

Taiwan, November 19, 2015

TAIPEI, November 19, 2015 - Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Taiwan, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Taiwan Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Taiwan that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to Greater China and the world. NT$10 billion has been earmarked for the Taiwan Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Taiwan Entrepreneurs Fund includes Mr. Charles Yen, co-founder and principal of the AAMA Taipei cradle program, Mr. Joseph Tsai, senior executive vice president of Cathay Financial, and Mr. Danny Chiu, chairman and CEO, Morrison Express Corp.

Mr. Andrew Lee, former chief financial officer of EnTie Bank, will serve as executive director of the Taiwan Fund. Highly experienced in finance and management, Mr. Lee served international and Taiwan financial institutions. He specializes in fundraising, mergers & acquisitions, organizational development, and financial and risk management.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Taiwan. I am delighted to have the support from the Fund’s directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to source and evaluate business proposals and manage the investment program. The Fund has selected its first Investment Manager, a subsidiary of China Development Industrial Bank, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program.

With over 50 years’ experience, China Development Industrial Bank’s (CDIB) principal investment business commands 30% of the market share, giving it a leading position in Taiwan’s market. In recent years, CDIB has been leveraging its strengths and experience accumulated over the years assisting companies in Taiwan to be actively engaged in fundraising and management of private equity funds and strive toward its objective of becoming a world-class private equity fund manager based in the Asia Pacific Region.

Interested parties may visit the www.ent-fund.org for details about the investment programs.

Alibaba Entrepreneurs Fund’s Support to Hong Kong Start-up Scene Drives Results

Hong Kong, January 16, 2017

Plans to roll out more initiatives in 2017 to support Hong Kong’s budding entrepreneurs

The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative run by Alibaba Group Holding Limited (NYSE: BABA), today shared its achievement in investment, internship and training programs on its first year of operations since establishment in November 2015.

The Fund’s investment program saw encouraging results in the first year. After assessing over 500 business proposals submitted by local hopefuls, the Fund invested about HK$78 million (or US$10 million) into six promising startups in e-commerce, O2O and media sectors across all funding stages. The six visionary startups - Shopline, YEECHOO, Grana, GoGoVan, NOSH and DayDayCook - reported significant growth during their first year of investment from the Fund, and the importance to the wider economy can be seen in the job-creation potential of these firms which saw on average 36% rise in staff over the last year. To further expand the horizons of the respective founders, constructive meetings were arranged with Alibaba’s business units and affiliated companies to discuss potential collaboration and explore synergies, which these companies can leverage to scale up their business operation both locally and regionally.

Mrs. Cindy Chow, executive director of the Fund, said: “The encouraging performance of the six portfolio companies has shown that provided the right resources and support, the growth potential of Hong Kong-based startups is significant. We noticed over the past year, the startup community in Hong Kong has experienced rapid growth, with many quality startups in the e-commerce, O2O, logistics, fintech, healthtech and internet of things sectors emerging.”

In its approach to this sector, Alibaba recognizes that attracting new talent to the workforce and education for those within it is just as important to support direct investment. In line with this, the Fund runs an internship program that has attracted over 800 applications from Hong Kong universities. During the 6-month internship, students were placed throughout the companies within Alibaba’s ecosystem. For the 2016 intake, over 60% of the interns worked in platform operation positions and got first-hand experience in running Alibaba’s record-breaking Singles Day in November. For those already in the workforce, the “Taobao E-commerce Training Program” offered professional training during the weekends for participants who are interested to learn the theory and operations skills required for the e-commerce sector. The Fund has also facilitated the first “CEO e-commerce class” in Hong Kong, run by Taobao University, to share with senior executives of corporates the latest trends and skills in e-commerce.

Looking to 2017, the Fund will continue to support Hong Kong’s budding entrepreneurs through capital investment, and help already invested companies to scale up their business presence faster by tapping into Alibaba’s ecosystem and network resources globally. In addition, the Fund will work with relevant Hong Kong Government agencies, incubators and co-working spaces to promote Hong Kong as a global start-up hub where innovation and creative ideas are able to flourish. Both the internship program and e-commerce training, having been very popular, will continue to provide real experience and insight to develop the skills of participants keen on the sector.

“We are confident about the growth prospects of the startups in Hong Kong, as Hong Kong’s entrepreneurs are often equipped with a global mindset, high degrees of professionalism and innovative thinking. We believe that the powerful imagination of these entrepreneurs, when realized, will become an invigorating force to boost Hong Kong’s innovation economy,” added Cindy.

Parties interested in learning more about the investment program may refer to the attached infographic or visit www.ent-fund.org for details.

- End -

Alibaba’s Hong Kong Entrepreneurs Fund Announces Investments in Three Rising Hong Kong Companies

Hong Kong, September 29, 2016

Hong Kong, September 29, 2016 – The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative of Alibaba Group Holding Limited (NYSE: BABA), announced today the investments in three rising companies based in the city. This is the second round of investments made into exciting early staged companies since the Fund was established in November 2015.

The three companies selected to receive minority investments are Grana, a fashion e-commerce retailer that offers wardrobe essentials created from quality fabrics sourced around the world, with the mission to offer genuine quality clothing accessible to everyone; NOSH, an O2O food delivery company that prepares and delivers fresh, ready-to-eat meals that are each under 550 calories and packed in biodegradable materials, catering to health-conscious, eco-friendly consumers; DayDayCook, a leading creator of food and lifestyle content in Asia, which produces bilingual cooking videos with recipes and step-by-step instructions for a wide range of cuisines.

At different stages of development, the three companies have managed in a short time to establish a substantial local operation and reached the point of looking for early-stage investment.

Mrs. Cindy Chow, executive director of the Fund, commented: “Over the past few months, we are thrilled to discover and get in touch with so many talented and visionary entrepreneurs who are starting their businesses in Hong Kong. The three selected companies in this round impressed us particularly with their unique value propositions, innovative business models, growth potential and their team members’ entrepreneurship.”

“We are also excited to see that Hong Kong has become an increasingly attractive city for global talents to start their businesses,” added Ms. Chow, “That’s why we see entrepreneurs, like the founders from Grana and NOSH, choose Hong Kong as the hub to launch their businesses and realize their startup dreams. Alibaba Entrepreneurs Fund is committed to supporting the healthy growth of Hong Kong’s startup ecosystem with our local partners.”

The Fund, fully managed and run by the Alibaba Group, was established with a mandate to engage with the startup community in Hong Kong and select companies that stand out in terms of innovation and unique value proposition for direct investment. As well as supporting and developing entrepreneurship, the Fund seeks those who would most benefit from the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services. With the fund’s investment, aspiring entrepreneurs from around the world can establish their foothold in Hong Kong and make use of the Alibaba platform to scale up their operations both in Hong Kong and in the world.

Luke Grana, CEO and Founder of GRANA said: “Our success is a testament to the amazing and talented in-house team, who have dedicated themselves to making quality products and creating a brand that drives so much word-of-mouth and online advocacy for us. We’re honored to have Alibaba as a lead investor and the continued support from existing investors as strategic partners.”

Maximilian von Poelnitz, Founder of NOSH, said: "The partnership with Alibaba gives NOSH access to world class inventory management software, logistics best practices, and a venture capital investor that can help with fund raising in the future. With Alibaba we will be able to scale up our already thriving business both in Hong Kong and abroad.”

Norma Chu, Founder of DayDayCook, said: “DayDayCook specialises in content creation. Lifestyle and products are seamlessly blended into our content and with Alibaba’s investment, there are significant synergies from data analytics to stock keeping unit expansion to traffic support. This marks an important milestone for DayDayCook's expansion into content e-commerce.”

This is the second batch of investment from the Fund, with the first round having taken place in May 2016 when the Fund invested in YEECHOO, Shopline and GoGoVan. Since its establishment, the Fund has received more than 500 applications from entrepreneurs whose companies are in different stages of development but all with their roots in Hong Kong. After this latest success, the Fund will continue with its mission to look for, and engage with, promising entrepreneurs both in Hong Kong and those based overseas who are interested in setting up and growing their company operations in the city.

Parties interested in learning more about the investment program may visit www.ent-fund.org for details.

GRANA

Nosh

DayDayCook

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Taobao E-commerce Training Program Launches in Hong Kong to Train e-commerce Professionals for Local Businesses

Hong Kong, May 24, 2016

Hong Kong, May 24, 2016 -- The Hong Kong Federation of Youth Groups, Hong Kong Youth and Professional Network, Alibaba Hong Kong Entrepreneurs Fund and Alibaba.com today announced the launch ofthe Taobao E-commerce Training Program (“the Program”), offering for the first time in Hong Kong a range of professional training courses on e-commerce geared for local businesses.

undefined

Extensive e-Commerce Training

The Program offers its students a total of 40 hours of professional training that covers e-commerce strategy, practice and need-to-know skills, including the mechanics of e-commerce, online cross-border trading, promotional activities, online sales, store planning, consumer psychology, as well as case studies in marketing and SME financing.

Mr. Ken Ngai, Head of Information Technology of TheHong Kong Federation of Youth Groups, said that The HKFYG Jockey Club Social Innovation Centre provides co-working space, seed fund, mentorship, business network and various support for local young entrepreneurs and social innovators. With the growing popularity of e-commerce, some entrepreneurs seek to leverage e-commerce platforms to run their businesses. Against this backdrop, the Program will help them learn how to promote their products and explore global markets.

Mr. Ngai added that the Program will play a key part in training fresh talent to meet the growing demand for individuals with e-commerce skills. He encouraged people engaged in or who are interested in developing an e-commerce career to apply for the training. Upon course completion, graduates will have the opportunity to work for the Program’s supporting organizations to sharpen their skills in the e-commerce sector.

Mrs. Cindy Chow, Executive Director of Alibaba Hong Kong Entrepreneurs Fund, said the Program would be helpful in addressing the lack of professional e-commerce training in Hong Kong.

“The Program is designed to nurture professionals who can support the growth of Hong Kong businesses in the e-commerce sector. In designing the Program, we kept the real business needs of local enterprises in mind and drew on experiences from Taobao University and Alibaba Group's education institute.” said Mrs. Chow. “Instructors from Taobao University with rich e-commerce experience will provide their insights from both a theoretical perspective and from real-life practice. We hope participants can apply what they learn from the classes to real work. In the first year, we aim at supplying about 100 qualified graduates to the e-commerce talent pool for local enterprises.”

Ms. Eunice Yung, Chairman of the Hong Kong Youth & Professional Network, expressed her excitement about the strong support from local businesses: “One important mission for the Program is to nurture e-commerce talent for local businesses, so their support is crucial. Since last year, our network has been engaging local businesses to understand more about their talent requirement. It turns out that many are keen to offer job opportunities to outstanding graduates. In that regard, the Program serves two purposes: it helps graduates gain more real-life practice and experience, while also meeting the needs of local businesses.”

Mr. Rick Ng, Head of Sales at Alibaba.com Hong Kong, said: “Hong Kong companies have extensive experience in cross-border B2B trading and they are increasingly eager to explore further trade opportunities through e-commerce, because data analysis could help them lower operating costs and adjust their marketing strategies. To grow the e-commerce business, local companies first need to find the right talent and build the right team. With the aim of supplying e-commerce talent through professional training, the Program helps fill the talent demand gap and reduce the hiring cost for local businesses. As such, the Program can bring forward Hong Kong’s e-commerce culture and eventually foster the city’s development in the Internet-based economy.”

Taobao e-Commerce Training Program

Online application period: From 24 May to 19 June

Online application method: Visit: http://sic.hkfyg.org.hk/taobaoec

Fees: Application fee: HK$100; Course fee: HK$1,500

Training venue: The Hong Kong Federation of Youth Groups Jockey Club Social Innovation Centre 11B-E, Genesis, 33-35 Wong Chuk Hang Road, Hong Kong

Minimum requirements: Form 5 graduate or5 passes in HKDSE

Training directions: 1) e-Commerce operation; 2) online cross-border trading; 3) platform promotion; 4) online sales; 5) online marketing; 6) trade finance

About Alibaba Hong Kong Entrepreneurs Fund

The Hong Kong Entrepreneurs Fund is a not-for-profit initiative launched by Alibaba Group in 2015 to support the career and entrepreneurial aspirations of entrepreneurs in Hong Kong. The Fund’s mission is to help Hong Kong entrepreneurs realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally. Two programs will be run to fulfill this mission. The Investment Program is for entrepreneurs in Hong Kong to access investment capital and receive mentorship to help them scale up their businesses and tap into the Mainland China and global markets through the Alibaba ecosystem. The Internship Program provides graduates and final year students of tertiary educational institutions in Hong Kong with opportunities to gain real world experience by working in Alibaba or its related companies in Mainland China.

About Alibaba.com

Launched in 1999, Alibaba.com (www.alibaba.com) is the leading global e-commerce platform for small businesses around the world. It aims to be the go-to English-language platform for cross-border trade and help small businesses worldwide expand to overseas markets. The platform, which now serves millions of buyers and suppliers from more than 240 countries and regions, showcases products ranging from raw materials to finished goods in more than 40 industry categories.

About The Hong Kong Federation of Youth Groups

The Hong Kong Federation of Youth Groups (HKFYG) is now the city’s main youth work organisation. Since its establishment in 1960, the Federation has been providing opportunities and facilities for the social, educational, cultural and physical development of young people. Income is obtained primarily from government subvention, as well as grants from the Community Chest of Hong Kong, the Hong Kong Jockey Club Charities Trust, other trust funds, programme fees, and both private and corporate donations.

The Federation is committed to setting up a youth membership network, while continuing to provide quality services that address the issues and concerns of young people’s problems and by promoting healthy all-round development. Over 60 service units organise more than 20,000 activities annually, with attendance to the various programmes now standing at 5 million a year.

About Hong Kong Youth & Professional Network

HKYPN is a non-profit organization founded 2015 in HK with advisers from financial, social media, technology, education, medical, retail industries. HKYPN is formed by a group of young professionals who are willing to serve the community and with similar interests. HKYPN aims to provide a platform for youths to expand their horizon and to create new opportunities and ideas for startups and self improvements.

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Alibaba Entrepreneurs Fund Announces Investments in Three Early-Stage Hong Kong Companies

Hong Kong, May 5, 2016

Hong Kong, May 5, 2016 – The Hong Kong Entrepreneurs Fund (the “Fund”), a not-for-profit initiative of Alibaba Group Holding Limited (NYSE: BABA), which was set up last November to support entrepreneurs in Hong Kong, today announced the selection of three early-stage companies as the first batch of companies to receive minority investments from the Fund.

The three companies are YEECHOO, Shopline and GoGoVan. YEECHOO operates an online designer apparel rental business; Shopline provides cloud-based computing solutions for small and medium-sized companies to launch and manage ecommerce operations; and GoGoVan offers intra-city logistics services through a real-time platform that connects customers with a network of delivery service providers. The three companies are based in Hong Kong with significant local operations.

Mr. Joseph Tsai, executive vice chairman of Alibaba Group and director of the Fund, said: “These companies embrace technology to create value for the society, and we are excited to work with them and help them grow their businesses with resources available from the Fund and Alibaba Group. The entrepreneurs behind these companies also exemplify the entrepreneurial spirit in Hong Kong. We look forward to supporting more aspiring entrepreneurs in Hong Kong in the future.”

In addition to funding, the companies will have the opportunity to leverage resources from Alibaba Group’s vibrant ecosystem in order to scale and accelerate the expansion into other markets.

Since November 2015, the Fund has received more than 200 applications from entrepreneurs whose companies were in different stages of development. The three companies were selected after several rounds of management interviews and extensive due diligence reviews. The Fund will continue to look for promising entrepreneurs and engaging them through discussion of their business plans.

Mrs. Cindy Chow, executive director of the Fund, commented: “The response and overall enthusiasm from applicants from a wide range of sectors were very encouraging. Over the past few months, we have been working closely with incubators and universities in Hong Kong to identify qualified entrepreneurs as we hope to be more supportive of the growth and expansion of startups in Hong Kong.”

Abby Zhang and Shan Shan, co-founders of YEECHOO, noted: “We see the partnership with Alibaba as a major milestone in YEECHOO’s expansion plan and are very excited about it. It will enable synergies to be created between YEECHOO and other players in the Alibaba ecosystem. With Alibaba's strong support, YEECHOO will have a deeper impact across a wider audience as we promote a whole new lifestyle. It will also help more and more Hong Kong women create fashionable experiences at an affordable cost.”

Tony Wong, co-founder and CEO of Shopline, said: “We believe the Fund’s investment presents a huge opportunity for Shopline to learn from the best. Alibaba is the world’s largest e-commerce company with expertise in payment, logistics and cloud services that are all core to e-commerce. This will help us strengthen our market positioning in Hong Kong and Taiwan, and fuel the next stage of our growth.”

Steven Lam, founder of GoGoVan, said: “With the Alibaba Entrepreneurs Fund’s support, we look forward to growing our enterprise in Hong Kong to other markets and countries. We aim to continue our MOVE IT business philosophy by leveraging resources of the Alibaba ecosystem to our advantage in the logistics sector.”

Parties interested in learning more about the investment program may visit www.ent-fund.org for details.

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Alibaba Launches Entrepreneurs Fund for Hong Kong

Hong Kong, November 19, 2015

HONG KONG, November 19, 2015 - Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Hong Kong, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Hong Kong Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Hong Kong that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to mainland China and the world. HK$1 billion has been earmarked for the Hong Kong Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Hong Kong Entrepreneurs Fund includes Dr. Allan Zeman, founder and chairman of Lan Kwai Fong Group; Mr. Bernard Chan, president of Asia Financial Group and Asia Insurance, and Mr. Savio Kwan, an independent business consultant who was instrumental in developing Alibaba as president and chief operating officer from 2001 to 2003.

Ms. Cindy Chow, will serve as the executive director of the Fund. Cindy joined Alibaba Group in 2007 and has worked in the financial control and planning capacity, most recently as senior director of international finance.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Hong Kong. I am delighted to have the support from the Funds’ directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to manage the investment program. The Fund has selected its first Investment Manager, Gobi Partners, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program. Gobi Partners was established over ten years ago, focusing on home-grown innovation that was emerging from IT, TMT convergence, and the digital media revolution in China. Gobi now manages six funds with offices across Asia. For over a decade, Gobi invested in over 100 innovative companies in China and Southeast Asia.

Interested parties may visit the www.ent-fund.org for details about the investment programs.

The Fund will also provide 200 internship opportunities each year for graduates and final year students of local tertiary education institutions to work for a period of six to 12 months at Alibaba or companies in the Alibaba ecosystem in mainland China. The Fund’s board of directors will establish the policies of the internship program, which is expected to accept applicants who will complete their undergraduate degrees in 2016.

Alibaba Launches Entrepreneurs Fund for Taiwan

Taiwan, November 19, 2015

TAIPEI, November 19, 2015 - Alibaba Group Holding Limited (NYSE: BABA) today announced the official launch of its Entrepreneurs Fund for Taiwan, with the objective to support the aspirations of entrepreneurs who wish to take advantage of the resources offered by Alibaba’s ecosystem in e-commerce, logistics, mobile platforms, cloud computing and financial services.

The Taiwan Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group. The mission of the Fund is to help entrepreneurs realize their dreams and visions for a Taiwan that is vibrant and engaged regionally and globally.

The Fund will invest in qualifying companies in the start-up, growth and expansion phases of the company life cycle. Qualifying businesses will leverage the platforms in the Alibaba ecosystem to offer products and services to Greater China and the world. NT$10 billion has been earmarked for the Taiwan Fund.

A number of accomplished business and community leaders will join the board of directors of the Fund. They will oversee the governance and provide strategic direction of the Fund. The board of directors of The Taiwan Entrepreneurs Fund includes Mr. Charles Yen, co-founder and principal of the AAMA Taipei cradle program, Mr. Joseph Tsai, senior executive vice president of Cathay Financial, and Mr. Danny Chiu, chairman and CEO, Morrison Express Corp.

Mr. Andrew Lee, former chief financial officer of EnTie Bank, will serve as executive director of the Taiwan Fund. Highly experienced in finance and management, Mr. Lee served international and Taiwan financial institutions. He specializes in fundraising, mergers & acquisitions, organizational development, and financial and risk management.

“At Alibaba our mission is to make it easy to do business anywhere,” said Mr. Joe Tsai, executive vice chairman of Alibaba Group. “We are passionate about fostering entrepreneurial spirit and hope the resources provided by the Fund will help unleash potential for innovation and entrepreneurship in Taiwan. I am delighted to have the support from the Fund’s directors who share our vision and passion. Together we will help aspiring entrepreneurs realize their dreams.”

The Fund will engage independent professional firms (the “Investment Managers”) to source and evaluate business proposals and manage the investment program. The Fund has selected its first Investment Manager, a subsidiary of China Development Industrial Bank, to manage a portion of the investment program and expects to make further selections of Investment Managers for the remaining portions of the program.

With over 50 years’ experience, China Development Industrial Bank’s (CDIB) principal investment business commands 30% of the market share, giving it a leading position in Taiwan’s market. In recent years, CDIB has been leveraging its strengths and experience accumulated over the years assisting companies in Taiwan to be actively engaged in fundraising and management of private equity funds and strive toward its objective of becoming a world-class private equity fund manager based in the Asia Pacific Region.

Interested parties may visit the www.ent-fund.org for details about the investment programs.