Market Overview

Alibaba Group Announces Pricing of Offering of US$7.0 Billion of Senior Unsecured Notes


Alibaba Group Holding Limited ("Alibaba") (NYSE:BABA) today announced
the pricing of an underwritten registered public offering of US$7.0
billion aggregate principal amount of senior unsecured notes, consisting

US$700,000,000 2.800% notes due 2023 at an issue price per note of

US$2,550,000,000 3.400% notes due 2027 at an issue price per note of

US$1,000,000,000 4.000% notes due 2037 at an issue price per note of

US$1,750,000,000 4.200% notes due 2047 at an issue price per note of
99.831%; and

US$1,000,000,000 4.400% notes due 2057 at an issue price per note of
99.813% (collectively, the "notes").

The offering is expected to close on December 6, 2017, subject to
customary closing conditions.

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, when available.

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," "expect"
and similar expressions are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements, including statements relating to the timing and completion
of the Company's proposed offering, are not guarantees of future
performance or 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.

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