Market Overview

Alibaba Group Announces Proposed Offering of Senior Unsecured Notes


Alibaba Group Holding Limited (NYSE:BABA) today announced that it
proposes to offer U.S. dollar-denominated senior unsecured notes (the
"notes"), subject to market and other conditions, in an underwritten
registered public offering. The principal amount, interest rates,
maturity dates and other terms of the notes have not been finalized and
will be determined at the time of pricing of the offering.

Alibaba plans to use the net proceeds for general corporate purposes.

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be any
sale of these securities in any state or other jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or other
jurisdiction. An automatic shelf registration statement (including a
prospectus) relating to the offering of debt securities was filed with
the SEC on November 24, 2017 and became effective upon filing. The
offering of the notes will be made only by means of a prospectus
included in that registration statement, the preliminary prospectus
supplement and the final prospectus supplement, when available. You may
obtain these documents for free by visiting EDGAR on the SEC's website
Alternatively, copies of the prospectus, the preliminary prospectus
supplement and the final prospectus supplement, when available, relating
to the offering may be obtained by contacting Morgan Stanley at 180
Varick Street, New York, New York 10014, Attn: Prospectus Department, by
calling 1-866-718-1649 or by emailing;
Citigroup at c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by calling 1-800-831-9146 or by emailing;
Credit Suisse at One Madison Avenue, New York, NY 10010, Attn:
Prospectus Department, by calling 1-800-221-1037 or by emailing;
Goldman Sachs at 200 West Street, New York, NY 10282, USA, Attn:
Prospectus Department, by calling 1-866-471-2526 or by emailing;
or J.P. Morgan by calling 1-212-834-4533.

This press release contains information about the pending offering of
the notes, and there can be no assurance that the offering will be

This press release may contain statements that constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Words such as "propose," "plan" and
similar expressions are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements,
including statements related to the expectations regarding the size,
tranching, timing and completion of the Company's proposed offering, are
not guarantees of future performance, results or the completion of any
offering on any announced terms, or at all, and involve risks and
uncertainties, and that actual results, developments or timing of events
may differ materially from those in the forward-looking statements as a
result of various factors, including financial community and rating
agency perceptions of the company and its business, operations,
financial condition and the industries in which it operates, market
conditions, the satisfaction of customary closing conditions related to
the proposed offering and the factors described in the company's filings
with the Securities and Exchange Commission, including the sections
entitled "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" contained therein. The
company disclaims any obligation to update any forward-looking
statements contained herein, except as required under applicable law.

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 company that lasts at least 102 years.

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