[CALCULATION OF REGISTRATION FEE (1) Title of Each Class of (2)(3) Amount (3) Proposed Proposed (3) Offering Price (4) Amount of Ordinary shares, par value US$0.000025 per share 368,122,000 US$68.00 US$25,032,296,000 US$3,224,160 (1) American depositary shares, or ADSs, evidenced by American depositary receipts issuable upon deposit of the ordinary shares registered hereby will be registered under a separate registration statement] [ALIBABA GROUP HOLDING LIMITED 320,106,100 American Depositary Shares Representing 320,106,100 Ordinary Shares UNDERWRITING AGREEMENT September [ ], 2014 Credit Suisse Securities (USA) LLC Eleven Madison Avenue New York, NY 10010 U.S.A. Deutsche Bank Securities Inc. 60 Wall Street New York, NY 10005 U.S.A. Goldman Sachs (Asia) L.L.C. 68th Floor, Cheung Kong Center 2 Queen’s Road Central Hong Kong J.P. Morgan]

[Subject to Completion, Dated September 5, 2014 320,106,100 American Depositary Shares Representing 320,106,100 Ordinary Shares Alibaba Group Holding Limited This is the initial public offering of Alibaba Group Holding Limited, or Alibaba Group. We are offering 123,076,931 American Depositary Shares, or ADSs, and the selling shareholders named in this prospectus, including Yahoo, one of our principal shareholders, Jack Ma, our] [THE COMPANIES LAW (2013 REVISION) OF THE CAYMAN ISLANDS COMPANY LIMITED BY SHARES AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION OF ALIBABA GROUP HOLDING LIMITED 阿里巴巴集团控股有限公司 (adopted by a Special Resolution passed on September 2, 2014 and effective on THE COMPANIES LAW (2013 REVISION) OF THE CAYMAN ISLANDS COMPANY LIMITED BY SHARES AMENDED AND RESTATED MEMORANDUM OF ASSOCIATION OF] [TABLE OF CONTENTS ARTICLE I DEFINITIONS 1 Section 1.1 “ADS Record Date” 1 Section 1.2 “Affiliate” 2 Section 1.3 “American Depositary Receipt(s)”, “ADR(s)” “Receipt(s)” 2 Section 1.4 “American Depositary Share(s)” “ADS(s)” 2 Section 1.5 “Applicant” 2 Section 1.6 “Articles of Association” 2 Section 1.7 “Beneficial Owner” 3 Section 1.8] [VOTING AGREEMENT by and among Alibaba Group Holding Limited, Yahoo! Inc., SoftBank Corp., the Management Members (as defined herein), and certain other shareholders of Alibaba Group Holding Limited Dated as of , 2014 TABLE OF CONTENTS 1. Definitions and Construction 3 1.1 Definitions 3 1.2 Construction 8 2. Voting 8 2.1 8 2.2 Director Designees 9 2.3 SoftBank Observation Rights] [FORM INDEMNIFICATION AGREEMENT Agreement Company Indemnitee THIS INDEMNIFICATION AGREEMENT (this “ WHEREAS, the Indemnitee has agreed to serve as [a director/an executive officer] of the Company and in such capacity will render valuable services to the Company; and Board WHEREAS, in order to induce and encourage highly experienced and capable persons such as the Indemnitee to serve as directors and] [Exclusive Technical Service Agreement Schedule 1. 2. exclusive technical service agreement entered into by Zhejiang Tmall Technology Co., Ltd. (the “WFOE”) and Zhejiang Tmall Network Co., Ltd. (the “VIE”) on March 30, 2011; the agreement becomes effective on March 30, 2011 and has a term of 20 years; since the date of operation of Taobao Marketplace, the VIE shall pay] [ALIBABA GROUP HOLDING LIMITED 2014 POST-IPO EQUITY INCENTIVE PLAN Effective on 1. Purposes of the Plan Plan Company Group The purposes of this Alibaba Group Holding Limited 2014 Post-IPO Equity Incentive Plan (the “ 2. Definitions and Interpretation Definitions (a) Administrator “ Applicable Law “ Award “ Award Agreement “ Board “ Business “ Cause “ (i) any commission of] [THIRD AMENDMENT TO SHARE REPURCHASE AND PREFERENCE SHARE SALE AGREEMENT Amendment” Agreement AGH Yahoo! YHK THIS AMENDMENT, dated as of July 14, 2014 (the “ WHEREAS, the parties desire to reduce the maximum number of IPO Shares that Yahoo! and YHK may be required to dispose of in connection with a Qualified IPO from 208,000,000 to 140,000,000; and Section 7.7] [SHARE RETENTION AGREEMENT Agreement Partner Company THIS SHARE RETENTION AGREEMENT (this “ RECITALS Partnership WHEREAS, Partner is a limited partner in Lakeside Partners, L.P., an exempted limited partnership registered under the Exempted Limited Partnership Law (2014 Revision) of the Cayman Islands (the “ WHEREAS, In light of the Partnership’s director nomination and appointment rights and in order to maintain an] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the use in this Registration Statement on Form F-1 of Alibaba Group Holding Limited of our report dated June 16, 2014 relating to the financial statements of Alibaba Group Holding Limited, which appears in such Registration Statement. We also consent to the reference to us under the heading “Experts”] [ALIBABA GROUP HOLDING LIMITED ALIBABA GROUP CODE OF ETHICS Introduction Code Alibaba Group Alibaba Group Company Employee Employees This Alibaba Group Code of Ethics (the “ In this Code, unless otherwise specified, the following terms shall have the following meanings: • Compliance Officer • Related Alibaba Group Policies and Guidelines “ Each Employee is responsible for knowing and understanding the]

[Subject to Completion, Dated , 2014 American Depositary Shares Representing Ordinary Shares Alibaba Group Holding Limited This is the initial public offering of Alibaba Group Holding Limited, or Alibaba Group. We are offering American Depositary Shares, or ADSs, and the selling shareholders named in this prospectus are offering ADSs. Each ADS represents ordinary shares, par value US$0.000025 per share. We] [EXECUTION COPY SHARE AND ASSET PURCHASE AGREEMENT by and among ALIBABA GROUP HOLDING LIMITED, 浙江蚂蚁小微金融服务集团有限公司 (ZHEJIANG ANT SMALL AND MICRO FINANCIAL SERVICES GROUP CO., LTD.), and THE OTHER PARTIES NAMED HEREIN Dated as of August 12, 2014 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND TERMS Section 1.1 General 4 Section 1.2 Cross-Reference of Other Definitions 12 Section 1.3 Construction 15] [EXECUTION COPY SECOND AMENDMENT TO COMMERCIAL AGREEMENT Commercial Agreement Recipient HoldCo Provider Party Parties WHEREAS Framework Agreement WHEREAS WHEREAS Purchase Agreement WHEREAS NOW THEREFORE 1. Section 1.2 is deleted in its entirety and replaced with the following: Actions “‘ 2. Section 1.24 is deleted in its entirety and replaced with the following: Final Payment Date “‘ 3. Section 1.30 is] [EXECUTION COPY AMENDED AND RESTATED INTELLECTUAL PROPERTY LICENSE AND SOFTWARE TECHNOLOGY SERVICES AGREEMENT by and among ALIBABA GROUP HOLDING LIMITED, 浙江蚂蚁小微金融服务集团有限公司 (ZHEJIANG ANT SMALL AND MICRO FINANCIAL SERVICES GROUP CO., LTD.), and 支付宝（中国）网络技术有限公司 (ALIPAY.COM CO., LTD.), Dated as of August 12, 2014 TABLE OF CONTENTS ARTICLE I DEFINITIONS AND CONSTRUCTIONS Section 1.1 Definitions 2 Section 1.2 Cross-Reference of Other Definitions] [EXECUTION COPY DATA SHARING AGREEMENT by and between ALIBABA GROUP HOLDING LIMITED, and 浙江蚂蚁小微金融服务集团有限公司 (ZHEJIANG ANT SMALL AND MICRO FINANCIAL SERVICES GROUP CO., LTD.), Dated as of August 12, 2014 EXECUTION COPY TABLE OF CONTENTS Page ARTICLE I DEFINITIONS AND TERMS Section 1.1 General 2 Section 1.2 Cross-Reference of Other Definitions 5 Section 1.3 Construction 6 Section 1.4 Schedules 6] [Confidential ALIBABA (CHINA) CO., LTD. AND CHONGQING ALIBABA SMALL LOAN CO., LTD. SOFTWARE SYSTEM USE AND SERVICE AGREEMENT SOFTWARE SYSTEM USE AND SERVICE AGREEMENT Agreement Alibaba (China) Co., Ltd. Party A Chongqing Alibaba Small Loan Co., Ltd. Party B Parties Party THIS SOFTWARE SYSTEM USE AND SERVICE AGREEMENT (this “ Recitals WHEREAS Software Systems WHEREAS NOW, THEREFORE ARTICLE 1 DEFINITIONS] [20 August 2014 ALIBABA GROUP HOLDING LIMITED THE COMPANIES NAMED HEREIN as Original Guarantors arranged by THE FINANCIAL INSTITUTIONS NAMED HEREIN as Mandated Lead Arrangers THE FINANCIAL INSTITUTIONS NAMED HEREIN as Original Lenders with CITICORP INTERNATIONAL LIMITED acting as Agent US$3,000,000,000 FACILITY AGREEMENT dated 20 August 2014 for ALIBABA GROUP HOLDING LIMITED CONTENT Clause Page 1. DEFINITIONS AND INTERPRETATION 1] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the use in this Registration Statement on Form F-1 of Alibaba Group Holding Limited of our report dated June 16, 2014 relating to the financial statements of Alibaba Group Holding Limited, which appears in such Registration Statement. We also consent to the reference to us under the heading “Experts”]

[Subject to Completion, Dated , 2014 American Depositary Shares Representing Ordinary Shares Alibaba Group Holding Limited This is the initial public offering of Alibaba Group Holding Limited, or Alibaba Group. We are offering American Depositary Shares, or ADSs, and the selling shareholders named in this prospectus are offering ADSs. Each ADS represents ordinary shares, par value US$0.000025 per share. We] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the use in this Registration Statement on Form F-1 of Alibaba Group Holding Limited of our report dated June 16, 2014 relating to the financial statements of Alibaba Group Holding Limited, which appears in such Registration Statement. We also consent to the reference to us under the heading “Experts”]