Alibaba Group Has Received the Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, “Alibaba” or “Alibaba Group”) today announced that it has received the Administrative Penalty Decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Alibaba accepts the penalty with sincerity and will ensure its compliance with determination. To serve its responsibility to society, Alibaba will operate in accordance with the law with utmost diligence, continue to strengthen its compliance systems and build on growth through innovation.

The company will hold a conference call on Monday, April 12, 2021 to discuss the Administrative Penalty Decision at 8:00 a.m. Hong Kong Time (8 p.m. U.S. Eastern Time on Sunday, April 11, 2021).

Details of the conference call are as follows:

International: [phone]
U.S.: [phone]
U.K.: [phone]
Hong Kong: [phone]
China Landline: 800 820 2079
China Mobile: [phone]
Conference ID: 6934098 (English)

A live webcast of the conference call can be accessed at https://edge.media-server.com/mmc/p/t76yro7p. 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: [phone]; same conference ID as shown above).

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.