Alibaba Group Announces September Quarter 2015 Results Hangzhou, China, October 27, 2015 – Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30, 2015. “This was a great quarter for Alibaba Group, with strong growth across the board and particular outperformance in mobile. We continued our efforts to drive healthy GMV growth, deliver an unparalleled consumer experience and help quality merchants do business on our platform,” said Daniel Zhang, Chief Executive Officer of Alibaba Group. “We are winning in mobile and remain focused on our top strategic priorities, including internationalization, expanding our ecosystem from cities to villages, and building a world-class cloud computing business.” “We had very strong results this quarter. GMV grew to US$112 billion, a year-on-year increase of US$25 billion in this quarter,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “We also made significant progress in monetization and our revenue growth accelerated. Meanwhile, we generated strong free cash flow of US$2.1 billion this quarter. The fundamental strength of our business gives us the confidence to invest in our strategic priorities.” Business Highlights and Strategic Updates In the quarter ended September 30, 2015:  GMV transacted on our China retail marketplaces was RMB713 billion (US$112 billion), an increase of 28% year-over-year;  Revenue was RMB22,171 million (US$3,488 million), an increase of 32% year-over-year;  Mobile GMV accounted for 62% of total GMV transacted on our China retail marketplaces; mobile revenue was RMB10,520 million (US$1,655 million), representing a year-on-year increase of 183%;  Growth of our cloud computing and Internet infrastructure business accelerated, with revenue increasing 128% year-over-year to RMB649 million (US$102 million); and  Non-GAAP free cash flow was RMB13,624 million (US$2,144 million). China retail marketplaces – Our ecosystem continues to thrive. By the end of the September quarter, our annual active buyers grew to 386 million, and mobile MAUs grew to 346 million, which demonstrates the continuous growth of our unrivaled leadership in mobile commerce. User engagement is healthy with more buyers purchasing across more categories. We are fortifying our market leadership in the major cities. In addition to Beijing and Shanghai, we have added Chengdu, Guangzhou, Hangzhou, Suzhou and Wuhan for same-day delivery of groceries. We continue to develop commerce in the lower-tier cities and rural areas. In the September quarter, we increased our presence in over 4,000 additional rural villages, where we provide purchasing and delivery services. At the same time, we remain committed to providing a trusted consumer experience with authentic products by driving merchants that peddle counterfeit products off our marketplaces through effective implementation of our proprietary data technology and consumer protection programs. 1 Monetization – We have made significant progress on monetization. The overall monetization of our China retail marketplaces increased from the same period last year, resulting in an increase of our blended monetization rate to 2.42% in the current quarter from 2.30% in the same quarter of 2014. This increase reflects our focus on high-quality merchants and delivering better value proposition to our merchants, thereby enabling us to optimize online marketing efficiency and increased online marketing inventory on both mobile and the PC screen. Cloud computing – In the September 2015 quarter, our revenue growth from cloud computing and Internet infrastructure continued to accelerate, resulting in a revenue increase of 128% year-on-year. Worthy of note was our opening in August of the data center in Singapore serving regional and global customers. We will continue to expand our customer base, geographic coverage and product offerings. We are positive about the development of the cloud computing business as more customers look for computing solutions at a reasonable cost and sophistication in managing their increasingly complex IT infrastructures. International operations – Our globalization strategy is focused on cross-border commerce. Our China retail marketplace platforms are emerging as the gateway for international brands and retailers to sell their products to Chinese consumers online. We recently opened offices in London and Milan to serve European brands, retailers and trade associations who seek to access the large and growing Chinese consumer class looking for high-quality imported products and services. Recent Strategic Investment – On October 16, 2015 we submitted a non-binding proposal to the board of directors of Youku Tudou Inc. (“Youku”), a leading digital entertainment and media company in China with over 500 million monthly active users, for the acquisition of the remaining shares that we do not own for a cash consideration of US$26.60 per ADS in a “take private” transaction. The proposed transaction would expand our existing partnership, and would combine Alibaba’s unrivalled data-driven platforms in e- commerce, media and advertising with Youku’s market-leading digital video franchise. Share Repurchase In August 2015, our Board of Directors authorized a share repurchase program in an aggregate amount of up to US$4 billion over a period of two years. During the September quarter, we repurchased and canceled 40.8 million of our shares for a total price of US$2.74 billion. September Quarter Operational and Financial Results* Major Operational Metrics: September 30, June 30, September 30, % Change 2014 2015 2015 YoY QoQ China Commerce Retail: Quarterly GMV(1) (in RMB billions) 556 673 713 28% 6% Quarterly mobile GMV(1) (in RMB billions) 199 371 440 121% 19% Mobile GMV as a percentage of total GMV(1) 36% 55% 62% Annual active buyers(2) (in millions) 307 367 386 26% 5% Mobile monthly active users (MAUs)(3) (in millions) 217 307 346 59% 13% ______________ * For definitions of terms used but not defined in this earnings release, please refer to our annual report on Form 20-F for the fiscal year ended March 31, 2015. 2 (1) For the three months ended on the respective dates. (2) For the twelve months ended on the respective dates. (3) For the month ended on the respective dates. Summary Financial Results: Three months ended September 30, 2014 2015 RMB RMB US$(1) YoY % Change (in millions, except percentages and per share amounts) Revenue 16,829 22,171 3,488 32% Mobile revenue from China commerce retail 3,719 10,520 1,655 183% Mobile revenue as a percentage of China commerce retail revenue 29% 61% Income from operations 4,345 6,395 1,006 47% Non-GAAP EBITDA(2) 8,493 11,146 1,754 31% Non-GAAP EBITDA margin(2) 50% 50% Net income 3,030 22,703 3,572 649%(3) Non-GAAP net income(2) 6,808 9,252 1,456 36% Diluted earnings per share/ADS (EPS) 1.24 8.87 1.40 615%(3) Non-GAAP diluted EPS(2) 2.79 3.63 0.57 30% _______________ (1) This earnings release contains translation of certain Renminbi (“RMB”) amounts into U.S. dollars (“US$”) for the convenience of the reader. Unless otherwise stated, all translations of RMB into US$ were made at RMB6.3556 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on September 30, 2015. The percentages stated in this release are calculated based on the RMB amounts. (2) See the sections entitled “Non-GAAP Financial Measures” and “Reconciliations of Non-GAAP Measures to the Nearest Comparable GAAP Measures” for more information about the non-GAAP measures referred to within this earnings release. (3) Includes a gain of RMB18,603 million (US$2,927 million) from the revaluation of our previously held equity interest in Alibaba Health when we obtained control over Alibaba Health in the quarter ended September 30, 2015 as discussed in detail in “Interest and investment income, net” below. GMV – GMV transacted on our China retail marketplaces in the quarter ended September 30, 2015 was RMB713 billion (US$112 billion), an increase of 28% compared to RMB556 billion in the same quarter of 2014. GMV transacted on Taobao Marketplace in the quarter ended September 30, 2015 was RMB438 billion (US$69 billion), an increase of 15% compared to the same quarter of 2014. Excluding the effect of the suspension of our lottery business since February 2015, GMV transacted on Taobao Marketplace in the quarter ended September 30, 2015 would have increased by 17% in the quarter ended September 30, 2015 from the same quarter of 2014. GMV transacted on Tmall in the quarter ended September 30, 2015 was RMB275 billion (US$43 billion), an increase of 56% compared to the same quarter of 2014. The growth of total GMV transacted on our China retail marketplaces was primarily driven by an increase in the number of active buyers. 3 Annual active buyers – Our China retail marketplaces had 386 million annual active buyers in the twelve months ended September 30, 2015, compared to 367 million in the twelve months ended June 30, 2015, representing a net addition of 19 million in annual active buyers, and compared to 307 million in the twelve months ended September 30, 2014, representing an increase of 26% compared to the same period in 2014. The growth in annual active buyers was driven by an increase in users accessing our platforms through mobile devices, which in turn was a result of our continuing efforts to attract users with strong commercial intent to our mobile e-commerce apps, especially our Mobile Taobao App, and convert them into active buyers with our effective mobile interface. Our active buyers increased throughout China, with continued faster growth from lower tier cities. In addition, each active buyer on average placed more orders across more product categories in the twelve months ended September 30, 2015 compared to the same period in 2014. Mobile GMV and MAUs – Mobile GMV transacted on our China retail marketplaces in the quarter ended September 30, 2015 was RMB440 billion (US$69 billion), an increase of 121% compared to the same quarter of 2014. Mobile GMV accounted for 62% of total GMV transacted on our China retail marketplaces in this quarter, compared to 55% in the quarter ended June 30, 2015 and 36% in the quarter ended September 30, 2014. The growth was driven primarily by an increase in consumers accessing our platforms through mobile devices and also by an increase in the level of their spending. Mobile MAUs on our China retail marketplaces grew to 346 million in the month ended September 30, 2015, compared to 307 million in the month ended June 30, 2015, representing a net addition of 39 million MAUs over the quarter and a 59% increase from 217 million in the month ended September 30, 2014. The growth in mobile MAUs in this quarter was primarily due to increased promotion of our Taobao Mobile App. Revenue – Revenue for the quarter ended September 30, 2015 was RMB22,171 million (US$3,488 million), an increase of 32% compared to RMB16,829 million in the same quarter of 2014. The increase was mainly driven by the revenue acceleration of our China commerce retail business. The following table sets forth a breakdown of our revenue for the periods indicated. Three months ended September 30, 2014 2015 % of % of YoY % RMB Revenue RMB US$ Revenue Change (in millions, except percentages) China commerce Retail 12,769 76% 17,267 2,717 78% 35% Wholesale 790 5% 1,046 164 5% 32% Total China commerce 13,559 81% 18,313 2,881 83% 35% International commerce Retail 419 3% 481 76 2% 15% Wholesale 1,198 7% 1,355 213 6% 13% Total international commerce 1,617 10% 1,836 289 8% 14% Cloud computing and Internet infrastructure 285 1% 649 102 3% 128% Others 1,368 8% 1,373 216 6% 0% Total 16,829 100% 22,171 3,488 100% 32%  China commerce retail business – Revenue from our China commerce retail business in the quarter ended September 30, 2015 was RMB17,267 million (US$2,717 million), or 78% of total revenue, and 4 increased 35% from RMB12,769 million as compared to the same quarter of 2014. Revenue from our China commerce retail business increased at a higher rate than GMV growth on our China retail marketplaces because of robust growth in online marketing services revenue. The growth was primarily contributed by our focus on high-quality merchants and delivering better value proposition to our merchants. This resulted in higher marketing spend by our merchants as we optimized online marketing efficiency and added new online marketing inventory on both mobile and PC interfaces. Commission revenue as a percentage of China commerce retail revenue was 32% in the quarter ended September 30, 2015. Mobile revenue from the China commerce retail business in the quarter ended September 30, 2015 was RMB10,520 million (US$1,655 million), or 61% of our China commerce retail revenue, an increase of 183% compared to RMB3,719 million, or 29% of the China commerce retail revenue, in the same quarter of 2014. This year-on-year increase in mobile revenue in both absolute terms and as a percentage of total revenue from the China commerce retail business was due to an increase in GMV generated on mobile devices and better monetization of mobile transactions and usage. Our monetization rate was 2.42% in the quarter ended September 30, 2015, compared to 2.30% in the same quarter of 2014. Mobile monetization rate in the quarter ended September 30, 2015 was 2.39%, compared to 1.87% in the same quarter of 2014.  China commerce wholesale business – Revenue from our China commerce wholesale business in the quarter ended September 30, 2015 was RMB1,046 million (US$164 million), an increase of 32% compared to RMB790 million in the same quarter of 2014. The increase was due to an increase in paying members and an increase in average revenue from paying members.  International commerce retail business – Revenue from our international commerce retail business in the quarter ended September 30, 2015 was RMB481 million (US$76 million), an increase of 15% compared to RMB419 million in the same quarter of 2014. The increase was primarily due to an increase in GMV transacted on AliExpress.  International commerce wholesale business – Revenue from our international commerce wholesale business in the quarter ended September 30, 2015 was RMB1,355 million (US$213 million), an increase of 13% compared to RMB1,198 million in the same quarter of 2014. The increase was primarily due to growth in spending on our value-added services, such as the import/export business solutions provided by One Touch and also to an increase in the number of paying members.  Cloud computing and Internet infrastructure – Revenue from our cloud computing and Internet infrastructure in the quarter ended September 30, 2015 was RMB649 million (US$102 million), an increase of 128% compared to RMB285 million in the same quarter of 2014, driven by the accelerated growth of our cloud computing business. The increase was primarily due to an increase in the number of paying customers and also to an increase in their usage of our cloud computing services including more complex offerings, such as our content delivery network and database services.  Others – Other revenue in the quarter ended September 30, 2015 was RMB1,373 million (US$216 million), compared to RMB1,368 million in the same quarter of 2014. This result was primarily due to the increase in mobile Internet services revenue provided by UCWeb Inc., or UCWeb, and AutoNavi Holding Limited, or AutoNavi, which was largely offset by the exclusion of revenue from the SME loan business that we transferred to Ant Financial in February 2015. 5 Costs and Expenses – The following tables set forth a breakdown of our cost and expenses, share-based compensation expense and cost and expenses excluding share-based compensation expense by function for the periods indicated. Three months ended September 30, 2014 2015 % of Revenue % of % of YoY RMB Revenue RMB US$ Revenue change (in millions, except percentages) Cost and expenses: Cost of revenue 5,596 33% 7,131 1,122 32% (1)% Product development expenses 2,581 15% 3,225 507 15% 0% Sales and marketing expenses 1,749 10% 2,564 403 11% 1% General and administrative expenses 1,960 12% 2,128 335 10% (2)% Amortization of intangible assets 598 4% 728 115 3% (1)% Total costs and expenses 12,484 74% 15,776 2,482 71% (3)% Share-based compensation expense by function: Cost of revenue 1,155 7% 506 80 2% (5)% Product development expenses 700 4% 1,273 200 6% 2% Sales and marketing expenses 173 1% 403 63 2% 1% General and administrative expenses 982 6% 982 155 4% (2)% Total share-based compensation expense 3,010 18% 3,164 498 14% (4)% Cost and expenses excluding share- based compensation expense: Cost of revenue 4,441 26% 6,625 1,042 30% 4% Product development expenses 1,881 11% 1,952 307 9% (2)% Sales and marketing expenses 1,576 9% 2,161 340 9% 0% General and administrative expenses 978 6% 1,146 180 6% 0% Amortization of intangible assets 598 4% 728 115 3% (1)% Total cost and expenses excluding share- based compensation expenses 9,474 56% 12,612 1,984 57% 1%  Cost of revenue – Cost of revenue in the quarter ended September 30, 2015 was RMB7,131 million (US$1,122 million), or 32% of revenue, compared to RMB5,596 million, or 33% of revenue, in the same quarter of 2014. The decrease in cost of revenue as a percentage of revenue was due primarily to a decrease in share-based compensation expense (as discussed in “Share-based compensation expense” below), partially offset by an increase in costs associated with our new businesses initiatives (mainly our mobile operating system and over-the-top TV services) and an increase in traffic acquisition cost as a result of the expansion of our third-party affiliate marketing program operated by Alimama.  Product development expenses – Product development expenses in the quarter ended September 30, 2015 were RMB3,225 million (US$507 million), or 15% of revenue, compared to RMB2,581 million, or 15% of revenue in the same quarter of 2014. Without the effect of share-based compensation expense, the decrease in product development expenses as a percentage of revenue in the quarter ended September 30, 2015 was primarily due to the decrease in royalty fees paid to Yahoo! Inc., which fees were terminated by contract upon completion of our initial public offering in September 2014. 6  Sales and marketing expenses – Sales and marketing expenses in the quarter ended September 30, 2015 were RMB2,564 million (US$403 million), or 11% of revenue, compared to RMB1,749 million, or 10% of revenue in the same quarter of 2014. Without the effect of share-based compensation expense, sales and marketing expenses as a percentage of revenue in the quarter ended September 30, 2015 remained stable compared to the same quarter of 2014.  General and administrative expenses – General and administrative expenses in the quarter ended September 30, 2015 were RMB2,128 million (US$335 million), or 10% of revenue, compared to RMB1,960 million, or 12% of revenue in the same quarter of 2014. Without the effect of share-based compensation expense, general and administrative expenses as a percentage of revenue in the quarter ended September 30, 2015 remained stable compared to the same quarter of 2014.  Share-based compensation expense – Share-based compensation expense included in cost and expense items above in the quarter ended September 30, 2015 was RMB3,164 million (US$498 million), or 14% of revenue, compared to RMB3,010 million, or 18% of revenue, in the same quarter of 2014. The following table sets forth our analysis of share-based compensation expense for the quarters indicated by type of share-based awards: Three months ended September 30, % Change 2014 June 30, 2015 September 30, 2015 % of % of % of RMB Revenue RMB Revenue RMB US$ Revenue YoY QoQ (in millions, except percentages) By type of awards(1): Alibaba Group share-based awards granted to: - Our employees 1,836 11% 1,811 9% 2,231 351 10% 22% 23% - Ant Financial employees and other consultants(2) 972 6% 214 1% (194) (30) (1)% N/A N/A Ant Financial share-based awards granted to our employees(2) 202 1% 1,970 10% 1,127 177 5% 458% (43)% Total share-based compensation expense 3,010 18% 3,995 20% 3,164 4 9 8 14% 5% (21)% ___________________ (1) We are including this quarter a new presentation of our share-based compensation expense by type of award to separate share-based compensation expense that is not subject to mark-to-market accounting treatment and share-based compensation expense that is subject to mark-to-market accounting treatment. (2) Awards subject to mark-to-market accounting treatment. The expense arising from Ant Financial’s share-based awards granted to our employees amounted to RMB1,127 million (US$177 million), RMB1,970 million and RMB202 million in the quarters ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively, representing a non-cash charge that will not result in any economic cost or equity dilution to our shareholders. It is the view of our Chairman, Jack Ma, who controls Ant Financial, that the grant of Ant Financial equity awards to our employees will benefit Alibaba Group because of the strategic importance of Ant Financial as a payment service provider to us and our significant participation in the profits and value accretion of Ant Financial 7 through our agreements with Ant Financial. Excluding the expense related to Ant Financial’s share-based awards, our share-based compensation expense would have been RMB2,037 million (US$321 million), RMB2,025 million and RMB2,808 million in the quarters ended September 30, 2015, June 30, 2015 and September 30, 2014, respectively. We expect that our share-based compensation expense will continue to be affected by changes in fair value of our shares and share-based awards of Ant Financial, as well as the quantity of awards we grant to our employees and consultants in the future. Furthermore, we expect that our share-based compensation expense will likely increase, primarily due to anticipated increases in the fair value of share-based awards of Ant Financial, although share-based compensation expense driven by such increase would be non-cash and would not result in any economic cost or equity dilution to our shareholders.  Amortization of intangible assets – Amortization of intangible assets in the quarter ended September 30, 2015 was RMB728 million (US$115 million), an increase of 22% from RMB598 million in the same quarter of 2014. This increase was due to an increase in intangible assets recognized arising from our strategic acquisitions and investments. Income from operations – Income from operations in the quarter ended September 30, 2015 was RMB6,395 million (US$1,006 million), or 29% of revenue, an increase of 47% compared to RMB4,345 million, or 26% of revenue in the same quarter of 2014. Non-GAAP EBITDA and Non-GAAP EBITDA margin – Non-GAAP EBITDA increased by 31% to RMB11,146 million (US$1,754 million) in the quarter ended September 30, 2015, compared to RMB8,493 million in the same quarter of 2014. Non-GAAP EBITDA margin remained stable at 50% in the quarter ended September 30, 2015, compared to the same quarter of 2014. We will continue to invest a portion of our free cash flow in new businesses, and the growth of our new investment spending may be higher than our overall revenue growth. A reconciliation of income from operations to non-GAAP EBITDA is included at the end of this earnings release. Interest and investment income, net – Interest and investment income, net in the quarter ended September 30, 2015 was RMB18,150 million (US$2,856 million), a significant increase from RMB468 million in the same quarter of 2014. The increase was primarily due to a non-cash gain of RMB18,603 million (US$2,927 million) arising from the revaluation of our previously held equity interest in Alibaba Health Information Technology Limited, or Alibaba Health, which was recognized in the quarter ended September 30, 2015 when we obtained control over Alibaba Health and it became our consolidated subsidiary in July 2015. Other income, net – Other income, net in the quarter ended September 30, 2015 was RMB429 million (US$67 million), compared to RMB378 million in the same quarter of 2014. Such amounts included royalty fees and software technology service fees received from Ant Financial of RMB463 million (US$73 million) in the quarter ended September 30, 2015, compared to RMB465 million in the same quarter of 2014. Income tax expenses – Income tax expenses in the quarter ended September 30, 2015 were RMB1,671 million (US$263 million), an increase of 25% compared to RMB1,339 million in the same quarter of 2014. Our effective tax rate decreased to 6.8% in the quarter ended September 30, 2015 from 28.7% in the same quarter of 2014, primarily as a result of the above-mentioned non-cash revaluation gain of RMB18,603 million (US$2,927 million) in the quarter ended September 30, 2015, which was not subject to income tax. Excluding this revaluation gain, share-based compensation expense, as well as other unrealized investment 8 gain/loss and impairment on investments, our effective tax rate would have been 16.3% in the quarter ended September 30, 2015, compared to 17.6% in the same quarter of 2014. Net income and Non-GAAP net income – As a result of the foregoing, our net income in the quarter ended September 30, 2015 was RMB22,703 million (US$3,572 million), an increase of 649% compared to RMB3,030 million in the same quarter of 2014. Excluding the effect of the non-cash revaluation gain, share- based compensation expense, amortization of intangible assets and certain other items, non-GAAP net income in the quarter ended September 30, 2015 was RMB9,252 million (US$1,456 million), an increase of 36% compared to RMB6,808 million in the same quarter of 2014. A reconciliation of net income to non- GAAP net income is included at the end of this earnings release. Net income attributable to ordinary shareholders – Net income attributable to ordinary shareholders in the quarter ended September 30, 2015 was RMB22,754 million (US$3,580 million), an increase of 665% compared to RMB2,976 million in the same quarter of 2014. Diluted EPS and non-GAAP diluted EPS – Diluted EPS in the quarter ended September 30, 2015 was RMB8.87 (US$1.40) on a weighted average of 2,564 million diluted shares outstanding during the quarter, an increase of 615% compared to RMB1.24 on a weighted average of 2,438 million diluted shares outstanding during the same quarter of 2014. Excluding the effect of share-based compensation expense, amortization of intangible assets and certain other items, non-GAAP diluted EPS in the quarter ended September 30, 2015 was RMB3.63 (US$0.57), an increase of 30% compared to RMB2.79 in the same quarter of 2014. The lower non-GAAP diluted EPS growth rate relative to non-GAAP net income growth rate was due to an increase in the average number of diluted shares outstanding in the quarter ended September 30, 2015 following the completion of our initial public offering in September 2014. A reconciliation of diluted EPS to non-GAAP diluted EPS is included at the end of this earnings release. Cash, cash equivalent and short-term investments – As of September 30, 2015, cash, cash equivalents and short-term investments were RMB105,691 million (US$16,629 million), compared to RMB115,271 million as of June 30, 2015. Despite our strong free cash flow during this quarter, the decrease was mainly due to RMB17,384 million (US$2,735 million) in cash disbursed to repurchase our shares as discussed in detail in “Share Repurchase” above and “Net cash used in financing activities” below. Cash flow from operating activities and free cash flow – Net cash provided by operating activities in the quarter ended September 30, 2015 was RMB15,124 million (US$2,380 million), an increase of 158% compared to RMB5,865 million in the same quarter of 2014. Free cash flow, a non-GAAP measurement of liquidity that we derive from subtracting net cash provided by operating activities by capital expenditures (excluding land use rights and construction in progress) and others, in the quarter ended September 30, 2015 was RMB13,624 million (US$2,144 million). This represents an increase of 52% compared to RMB8,938 million in the same quarter of 2014. A reconciliation of net cash provided by operating activities to free cash flow is included at the end of this earnings release. Net cash used in investing activities – During the quarter ended September 30, 2015, net cash used in investing activities of RMB5,575 million (US$877 million) mainly included investment and acquisition activities of RMB5,676 million (US$893 million) as well as capital expenditures of RMB3,177 million (US$500 million), which included cash outflow for acquisition of land use rights and construction in progress of RMB1,917 million (US$302 million). This increase was partially offset by receipt of cash consideration in respect of the transfer of the SME loan business from Ant Financial of RMB2,507 million (US$394 million). 9 Net cash used in financing activities – During the quarter ended September 30, 2015, net cash used in financing activities of RMB17,235 million (US$2,712 million) consisted primarily of cash disbursed to repurchase our shares of RMB17,384 million (US$2,735 million). Employee number – As of September 30, 2015, we had a total of 36,662 employees, compared to 34,433 as of June 30, 2015 and 33,239 as of September 30, 2014. The increase was mainly due to campus recruitment and companies acquired during this quarter. Conclusion of SEC Inquiry As previously announced, we received an inquiry from the U.S. Securities and Exchange Commission (“SEC”) in February seeking information regarding our interaction with one of our Chinese regulators, the State Administration for Industry and Commerce, and related matters. We voluntarily cooperated with the SEC’s inquiry. The SEC has notified us that it has concluded its inquiry and, based on the information it has received, it does not intend to recommend an enforcement action against us. Webcast and Conference Call Information Alibaba Group’s management will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) on October 27, 2015. Details of the conference call are as follows: International: +65 6713 5090 U.S.: +1 845 675 0437 U.K.: +44 203 059 8139 Hong Kong: +852 3018 6771 China: 400 620 8038 or 800 819 0121 Conference ID: 52573326 A live webcast of the earnings conference call can be accessed at http://www.alibabagroup.com/en/ir/earnings. An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 52573326). Our earnings release and accompanying slides are available at Alibaba Group’s Investor Relations website at http://www.alibabagroup.com/en/ir/home on October 27, 2015. About Alibaba Group Alibaba Group’s mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses. Alibaba Group’s major businesses include: • Taobao Marketplace (www.taobao.com), China’s largest online shopping destination • Tmall.com (www.tmall.com), China’s largest third-party platform for brands and retailers 10