[JOINT FILING AGREEMENT Dated: May 15, 2015 (remainder of page intentionally left blank) ALIBABA GROUP HOLDING LIMITED Timothy A. Steinert General Counsel and Secretary ALIBABA GROUP TREASURY LIMITED Timothy A. Steinert Director DES VOEUX INVESTMENT COMPANY LIMITED] [SCHEDULE 13G zulily, inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 989774104 (CUSIP Number) May 6, 2015 (Date of Event Which Requires Filing of this Statement) o Rule 13d-1(b) x Rule 13d-1(c) o Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial]

[JOINT FILING AGREEMENT Dated: February 17, 2015 (remainder of page intentionally left blank) JACK YUN MA JOSEPH C. TSAI CLARA WU MING-HUA APN LTD.] [POWER OF ATTORNEY (remainder of page intentionally left blank) th day of February, 2015. JACK YUN MA JOSEPH C. TSAI CLARA WU MING-HUA] [SCHEDULE 13G (Amendment No. )* Alibaba Group Holding Limited (Name of Issuer) American Depositary Shares (ADS), each representing one ordinary share, par value $0.000025 per share (Title of Class of Securities) 01609W102** (CUSIP Number) December 31, 2014 (Date of Event Which Requires Filing of this Statement) o Rule 13d-1(b) o Rule 13d-1(c) x Rule 13d-1(d) *The remainder of this cover]

[JOINT FILING AGREEMENT This agreement may be executed in any number of counterparts, each of which shall be deemed an original. EXECUTED this 17th day of February 2015. Yahoo! Inc. Ronald S. Bell General Counsel and Secretary Yahoo! Hong Kong Holdings Limited Chen Hsu Ching-ling Director] [CUSIP No. 01609W102 Schedule 13G Page 2 of 6 Pages 1 NAMES OF REPORTING PERSONS Yahoo! Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ¨ x (a) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 92,626,716 6 SHARED VOTING]