2001 Selection Based on 'Strategy, Execution and Financial Staying Power'

Shanghai/Beijing, China-September 6, 2001-
US business magazine Forbes has again selected Alibaba.com as "Best of the Web: B2B" in its second annual award contest. According to Forbes, "companies were chosen based on strict criteria related to strategy, execution and financial staying power."

Commenting on Alibaba, Forbes wrote "One of the better-known Chinese Internet companies, Alibaba.com is a global B2B marketplace for all types of goods…Alibaba.com has partnered with Dun & Bradstreet for an upcoming addition to its site called TrustPass--akin to EBay's feedback forums--to help its large international list of buyers and sellers feel more secure transacting online."

"It's been a tough year for the Internet industry, so we're pleased to have emerged as one of the survivors," said Jack Ma, CEO of Alibaba.com. "To make the Forbes Best of the Web list in 2000 was a terrific honor. To be selected again in 2001 is even more exciting than last year's award, because while many companies disappeared Alibaba is here to stay and growing at a rate of 1,500 members each day. As China enters the WTO, this trend will continue as international buyers use Alibaba as the best way to find China suppliers."


Alibaba.com is the only company on the Forbes "Best of the Web: B2B" list from China. Forbes has global circulation to over 1 million of the world's business leaders and is the oldest US business magazine.

About Alibaba.com

Alibaba.com is the world's largest online business-to-business marketplace for global trade and host to China's leading domestic B2B trade community. Alibaba.com's vision is to become the number one destination for buyers and sellers at small- and medium- sized enterprises (SME's) to find trade opportunities and promote their businesses online.

Alibaba.com's Web properties have over 750,000 registered members from over 200 countries. Alibaba.com was selected by Forbes magazine as "Best of the Web: B2B" twice (2000 and 2001) and selected as the most popular B2B website by readers of the Far Eastern Economic Review.

Alibaba.com is headquartered in Hong Kong with branch offices in mainland China, Taipei, Silicon Valley, London and Seoul.

Alibaba.com's institutional investors include Softbank, Goldman Sachs, Transpac Capital, Fidelity Capital, Venture TDF, Pte Ltd of Singapore and Investor AB of Sweden.