Former U.S. President Bill Clinton to Deliver Keynote Address at China Internet Summit; Summit to Discuss the Future of China's Internet Industry

HANGZHOU, China--(BUSINESS WIRE)--July 27, 2005--Former U.S. President Bill Clinton will be the keynote speaker at the 2005 China Internet Summit at West Lake, to be held on September 10, 2005. Alibaba.com announced today that prominent CEOs from around the world will also participate to engage in talks and discuss China's Internet commerce and Internet industry growth.

The China Internet Summit at West Lake is an annual event which brings together the leading CEOs of Internet companies from China and around the world for a day of discussion and cooperation. Since its inception in 2000, the event has become the primary summit among Internet leaders in China, with CEOs from more than ten NASDAQ-listed China Internet companies serving as speakers over the years. This year, the Summit will go global, under the theme "Connecting China and the World."

Organized by Alibaba.com, the China Internet Summit at West Lake is non-partisan in nature, with the focus on open discussion between speakers and attendees. This year, the dialogue will address the key issues facing China's Internet industry, including globalization strategies, the future of online gaming and the development of e-commerce.

Along with President Clinton, other confirmed speakers for this year's event include:

-- William Ding, Founder of Netease (Nasdaq: NTES)

-- Charles Zhang, CEO of Sohu (Nasdaq: SOHU)

-- Ma Huateng, CEO of Tencent (SEHK 700)

-- Tianqiao Chen, CEO of Shanda (Nasdaq: SNDA)

Notes to editors

About Alibaba.com

Alibaba.com is China's leading e-commerce company, operating the world's largest online marketplaces for both international and domestic China trade, as well as China's most popular online payment system, AliPay.

The Alibaba websites have more than 15 million registered users in 200 countries and territories. In 2004, over US$4 billion in trade is estimated to have come from buyers and sellers connecting at Alibaba sites.

Alibaba's Marketplaces

Alibaba's three online marketplaces are all leaders in their space, serving businesses and individuals buying and selling products in more than 28 industry categories:

Alibaba International (www.Alibaba.com) is an English-language website primarily serving Small and Medium-Sized Enterprises (SME's) in the international trade community, with 1.5 million registered users from over 200 countries and territories.

Alibaba China (www.China.Alibaba.com) is China's largest online marketplace for domestic trade among businesspeople.

TaoBao (www.Taobao.com) is China's most popular consumer-to-consumer marketplace.

AliPay

AliPay (www.AliPay.com) is China's leading online payment solution, powering online transactions between individuals and businesses throughout China.