Yahoo! Inc.’s Jacqueline Reses Joins Alibaba Group Board of Directors

  Yahoo! Inc.’s Jacqueline Reses Joins Alibaba Group Board of Directors

Business Wire

HANGZHOU, China -- December 05, 2012

Alibaba Group Holdings Limited, China’s largest e-commerce company, today
announced that Yahoo! Inc.’s Jacqueline D. Reses has joined Alibaba Group’s
board of directors. Reses joins Jack Ma, Masayoshi Son and Joe Tsai as one of
four directors on the Alibaba board.

“I’m honored to be a part of Alibaba’s distinguished board,” said Reses. “Jack
and the team have built a strong business that has changed the e-commerce
landscape in China. I look forward to working closely with them as Alibaba
continues to innovate and grow.”

“Today’s announcement underscores Alibaba’s strong relationship with Yahoo!,”
said Jack Ma, chairman and chief executive officer of Alibaba Group. “We are
pleased to welcome such an experienced and respected executive like Jackie,
who brings a wealth of strategic insight and operating experience to the
Alibaba board.”

Reses is executive vice president of people and development at Yahoo!, where
she is responsible for leading corporate and business development, and human
resources and talent acquisition globally. She has more than two decades of
experience building world-class technology and media teams, and she has served
on a number of boards of directors. Reses led the U.S. media group at Apax
Partners where she made some of the firm’s most significant investments in
media companies. Previously, she served as CEO of iBuilding Inc. and spent
seven years at Goldman Sachs in mergers and acquisitions and the principal
investment area.

Yahoo! owns approximately 23 percent of Alibaba Group common stock on a fully
diluted basis.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. Since it
was founded in 1999, the China-based Alibaba Group has developed leading
businesses in consumer e-commerce, online payment, business-to-business
marketplaces and cloud computing. Alibaba Group operates Taobao Marketplace
(www.taobao.com), China's most popular online shopping destination; Tmall.com
(www.tmall.com), China’s leading online platform for merchants offering
quality, brand-name goods to consumers; eTao (www.etao.com), a comprehensive
shopping search engine; Alibaba.com International (www.alibaba.com) and
Alibaba.com China (www.alibaba.cn), leading business-to-business marketplaces
for small businesses engaged in international trade and domestic China trade,
respectively; and Alibaba Cloud Computing (www.aliyun.com), a developer of
platforms for cloud computing, data management and mobile services. Alipay
(www.alipay.com), the most widely-used online payment service by consumers and
merchants in China, is an affiliate of Alibaba Group.

Contact:

Alibaba Group
John W. Spelich, +852 2215 5129
Vice President - International Corp Affairs
johnspelich@hk.alibaba-inc.com
 
Press spacebar to pause and continue. Press esc to stop.