Alibaba.com Limited

Taobao.com, China's largest consumer e-commerce company, reported today that its transaction volume (gross merchandise volume) reached RMB 99.96 billion (US$14.62 billion) in 2008, a 131 percent year-on-year increase. Taobao's transaction volume for 2008 exceeded the sales volume of China's largest mass retailer, and equals approximately 1% of China's total retail trade in 2008, according to statistics released by the Chinese Ministry of Commerce.

Asian markets are expected to drop after the plummet on Wall St. On Friday Japan's Nikkei stock average lost 3.1 per cent, sliding on economic woes and a tumble by Toshiba Corp after it was hit by news it may merge part of its chip operations, a loss forecast, and a ratings cut. The benchmark Hang Seng Index closed up 123.78 points, or 0.94 per cent, at 13,278.21. The Shanghai and Shenzhen stock exchanges open today after the week-long Chinese New Year holidays.

Quality Supplier Program to boost buyers' confidence through verification, intellectual property protection and anti-fraud measures Launches new product to accelerate customer growth

Taobao, China's largest consumer e-commerce company, today announced that its parent company, Alibaba Group (HKG:1688), will invest RMB5 billion (US$732 million (1) ) over the next five years to further strengthen the Taobao marketplace (www.taobao.com) as the shopping destination of choice for Chinese consumers.

Alibaba.com Limited (HKG:1688), the world's leading B2B e-commerce company, today announced its unaudited results for the six months ended June 30, 2008.