World’s leading B2B online marketplace collaborates with India’s largest B2B media company to provide Indian SMEs with the best solution for domestic and global trade

MUMBAI, 29 April 2008 – Alibaba.com Limited (SEHK: 1688), the world's leading B2B e-commerce company, and Infomedia India Limited, India’s largest Yellow Pages and special interest publishing company, today announced a multi-year strategic partnership designed to benefit small and medium-size enterprises (SMEs) in India.

The Alibaba.com and Infomedia partnership will combine the power of traditional print publishing with online media and e-commerce, providing Indian SMEs with a one-stop solution for global and domestic trade. Together they will create a strong online community of Indian business people and provide them with a single cost-effective channel to promote their products and source from quality suppliers in India and around the world. It will also provide SMEs in India with the latest industry news and technical developments in multi-media formats.

Prakash Iyer, Managing Director, Infomedia, said, “As India’s largest Yellow Pages company – and now as a part of the Network 18 group - Infomedia is delighted to bring to Indian businesses the global reach and strengths of Alibaba.com. We have a long history of helping SMEs grow their business – and this partnership with Alibaba.com will help Indian businesses grow to their fullest potential worldwide. The Infomedia-Alibaba partnership will bring value to Indian SMEs by giving them a larger, multi-media business platform encompassing domestic and global trade services.”

David Wei, Chief Executive Officer, Alibaba.com, said, “With its huge growth potential, India is a very important and strategic market for Alibaba.com and is a top priority for our global expansion plans. While Alibaba.com is the expert in helping small businesses trade internationally, Infomedia brings us a strong understanding of the Indian SME and B2B market. With Infomedia we have a strong local partner who can provide on-the-ground support for our members, including sales, marketing and customer service. We believe this alliance will help us become the dominant online B2B marketplace in India by the end of 2008.”

India has more than 8 million SMEs, which account for almost 40 per cent of India’s industrial output and employ around 30 million people. It is estimated that 3 million SMEs are engaged in B2B trade and around 1 million are in the export business. Alibaba.com has more than 400,000 members in India, already making it one of the largest B2B online marketplaces in India by member count. With this partnership, Alibaba.com is expecting to double its Indian membership base in the near future. Alibaba.com launched a special India Channel late last year to help Indian suppliers find local and global buyers for their products and services. The India Channel has been well received by members, with more than 20,000 Indian companies signing up each month since January 2008.

Founded in 1999 in Hangzhou, China, Alibaba.com has built a global community of more than 27 million members from over 200 countries and regions. Thanks to Alibaba.com, small businesses around the world are going global and buyers and sellers of everything from automobile parts to evening dresses are finding their perfect trading partners faster and easier than ever before.

India is the second fastest growing major economy in the world. It had a GDP growth rate of 9.6% for the fiscal year 2006-2007 and is expected to grow by 8.7% this year. China, the world’s fastest growing economy, is India’s third largest export country. The Alibaba.com and Infomedia tie-up will help bridge two of the world’s fastest growing economies and further promote trade between India and China.

About Alibaba.com Limited

Alibaba.com (HKSE: 1688), a member of the Alibaba Group of companies, is the world's leading B2B e-commerce company. Our international marketplace (www.Alibaba.com) focuses on global importers and exporters and our China marketplace (www.Alibaba.com.cn) focuses on suppliers and buyers trading domestically in China. Together, our marketplaces form a community of more than 27 million registered users from over 200 countries and regions.

About Infomedia India Limited

Infomedia India Limited is India’s leading media company with strong market presence in diverse business areas spanning Yellow Pages, Magazine Publishing, Printing Services and Publishing Outsourcing. A pan-Indian network covering 26 cities with over 2,200 employees gives Infomedia a national footprint. The Company is the undisputed market leader in Yellow Pages and Special Interest Publishing and is one of the most respected contract printers in the country. Infomedia has expanded into the Publishing Outsourcing segment and is well placed to consolidate its position in this booming market with tremendous growth potential. Infomedia is a part of the Network 18 group – India’s fastest growing media conglomerate..

Alibaba.com Alibaba.com Limited Christina Splinder Tel: +852 2215 5130 Email: csplinder@alibaba-inc.com Perfect Relations Vivek Padiyar / Kavita Singh Tel: +91 98923 06446 / +91 98195 36839 E-mail: vpadiyar@perfectrelations.com/ ksingh@perfectrelations.com

Infomedia India Limited Sampark Public Relations, India Kavita K Bhaskaran / Sunita Libera Tel + 91 99873 55009 / +91 98219 92518 E-mail: kavita.bhaskaran@sampark.com/ sunita@sampark.com

1. Revolutionizing shopping in India with many unique and innovative consumer benefits like
1. Multiple Payment Options
2. In-Depth Product Information
3. Entertaining & Engaging Content
4. Anywhere Anytime Shopping         
2. Free to Air distribution in over 700 cities across India – one of the largest distribution roll outs
3. Offers hundreds of new and innovative products every month with exceptional value pricing
4. Built on the large format retail principles as well as the convenience of the neighborhood store
1. Multi Brand – Over 200 Brands
2. 10000 SKUs
3. Doorstep Delivery

New Delhi, April 7, 2008: Network18’s Global Broadcast News (GBN), India’s leading News Network, and the Lokmat Group, Maharashtra’s leading Newspaper group, present IBN-Lokmat - a 24-hour Marathi News and Current Affairs Channel. The legacy of these two renowned media powerhouses will give IBN-Lokmat a sense of immense credibility as well as access to a vast audience base. Going on air from April 6, IBN-Lokmat will be a world-class credible News channel for the highly aware and conscious ‘Progressive Marathi’. The channel is home to the finest new age multimedia journalists led by Nikhil Wagle as the Editor and Rajdeep Sardesai, Editor-in-Chief, IBN Network.

Through its content, programming, state-of-the-art broadcast centre, extensive infrastructure and international production quality, IBN-Lokmat will embark on the principle of delivering news with the spirit of ‘Chala, Jag Jinkuya!’ (Literally meaning, ‘Let’s conquer the World). As credible journalism empowers people it gives them the inner confidence to take control of their surroundings and bring about change. IBN-Lokmat seeks to do just that and more. With reporters in every district of Maharashtra, and access to national and global networks, IBN Lokmat promises to become a bridge between Maharashtra and the wider world.

“The channel will talk in contemporary Marathi, be inclusive in its approach, will not mince words when it comes to taking up an issue and shall be highly interactive and informative. Over a period of time, the channel will become the most dependable source of information in Marathi across Media. The channel will focus on Maharashtra and not only on Mumbai” Said, Nikhil Wagle, Editor, IBN-Lokmat.

Sharing his views on the channel, Rajdeep Sardesai, Editor-in-Chief, IBN Network said, “IBN-Lokmat will be tailored on the lines of CNN-IBN and IBN7 and hence the spotlight will continue to stay rooted on the journalistic spirit of ‘Whatever it Takes’. With editorial integration between GBN and Lokmat, we hope to become the voice of Maharashtra and the channel’s content will not only reflect the mood of the viewers, but will also successfully influence popular opinion”.

The programming will be informative with a holistic mix of news from across genres including local, regional, national, international, sports, movies, theatre, fashion, etc. and will cater to a myriad of audiences across the Marathi speaking belt. A list of some of IBN-Lokmat’s show can be found in the annexure attached.

Commenting on the joint venture, Vijay Darda, Chairman, Lokmat Group said, “The joint-venture will blend together Lokmat's reach and understanding of the Marathi mind and GBN’s world class standards to create a credible Marathi news channel. I am confident that this relationship will further expand and strengthen this endeavour that is IBN-Lokmat.”

December 14, 2007:

TV18, a group company of NETWORK18, India’s leading media conglomerate, is all set to launch a business magazine in India in partnership with FORBES MEDIA, one of the world’s most respected business publishers. The partnership will include a content licensing arrangement and will also envisage introduction of other Forbes products, subject to regulatory approval.

This partnership further enhances and complements TV18’s strong business offerings in the television and internet space. Currently, TV18 operates India’s leading business channels CNBC-TV18 and CNBC Awaaz, besides Newswire18 and a host of web properties like moneycontrol.com. The partnership with Forbes will bring in strengths in the print space and will synergize well with its television and new media properties. It will also complement TV18’s recent acquisition of Infomedia, which is India’s leading player in the publishing space with several magazines and runs one of India’s largest printing operations.

Forbes magazine itself is a legendary business brand celebrating 90 years of existence this year. It enjoys a loyal following amongst a 5-million strong global audience comprising of business leaders, entrepreneurs, corporate executives and upwardly mobile professionals. In recent years, Forbes magazine has increased its international presence with highly successful titles such as ‘Forbes Asia’ and licensed local language editions such as ‘Forbes China’, ‘Forbes Russia’ ‘Forbes Arabia’ amongst others. Forbes magazine is renowned for its wide array of business content ranging from leadership, finance & international business to marketing, technology & entrepreneurship. It has also diversified into being a globally accepted benchmark for quality & performance with its famous lists covering companies, people & places, education, personal finance, sports, lifestyle & technology, apart from special reports.

Commenting on this partnership, Raghav Bahl, MD, Network18 said “Our partnership with Forbes for a business magazine in India is another compelling testimony to the growing acceptance of the Indian growth story worldwide. Rapid economic expansion, change in consumer mindsets and deepening of the market economy in the country have led to an enabling environment for business brands. We will be strongly positioned to deliver a benchmark offering in the market by fusing the strong editorial and brand lineage of Forbes and our proven expertise in the Indian business media market”

Said Steve Forbes, Chairman, CEO and Editor-in-Chief, Forbes on the partnership, “India is one of the prime markets Forbes has wanted to enter for sometime. We were waiting for the right partner and are so pleased that we have reached a partnership agreement with Network18, one of the most respected and fastest-growing media companies in India. We look forward to making Forbes available to this forceful market soon.”

Haresh Chawla, Group CEO, Network18 further added “Forbes is an ideal partner for us as we expand our competencies into the print medium and thus strengthen our position as one of India’s leading full play media conglomerates. India’s readership potential is yet to be fully tapped and as the market evolves, credible and strong brands will succeed in the print space. With our experience in business media as well also our ability to deploy global media brands successfully in the Indian market, we are confident of an enriching association with Forbes. We see a lot of opportunity for value creation in this partnership by unleashing cross platform synergies and developing a roster of market leading offerings in the coming years. The addition of Forbes will further energize our business portfolio which already commands leadership through CNBC-TV18 & CNBC AWAAZ, Newswire18 and web offerings such as moneycontrol.com, indiaearnings.com”

"As the world's foremost champion of entrepreneurial capitalism, we at Forbes are excited to partner with the accomplished media entrepreneurs at Network18 to bring the Forbes brand and style of journalism to India - home of many of the world’s greatest entrepreneurs" said William Adamopoulos, President and Publisher of Forbes Asia. "This partnership in India complements and builds upon our existing Pan-Asian network of Forbes Asia, Forbes China, Forbes Korea and Forbes Nihonban.”

ABOUT NETWORK18:

Network18 is one of India's leading full play media conglomerates with interests in television, internet, filmed entertainment, mobile content and allied businesses. Through it’s holding in Television Eighteen India Ltd (TV18), Network18 operates India’s leading business news television channels, CNBC-TV18 and CNBC Awaaz. It also runs India’s leading Internet company Web18, as well as one of India’s leading real time news terminal providers, Newswire18. Through its holding in Global Broadcast News Ltd (GBN), Network18 operates in the general news and entertainment space with general news channels CNN-IBN and IBN7, and operates a joint venture with Viacom, called Viacom18. This JV operates the MTV, VH1 and Nickelodeon channels in India - as also Studio18, the Group’s filmed entertainment operation and will be launching a Hindi general entertainment channel. Additionally, Network18 holds the Group’s online & on-air retail venture, Homeshop18. The group has recently acquired Infomedia, which is a leading player in the Indian publishing space with several magazines & runs one of the largest printing operations in the country. The Group has announced forays, organic and inorganic, into event management, regional news and other areas.

ABOUT FORBES MEDIA:

Forbes Media was formed in August 2006 as a result of an investment in Forbes by Elevation Partners, in which the private equity firm became a minority shareholder in a newly formed company, encompassing Forbes magazine, Forbes.com and other media properties. Forbes.com reaches in excess of 20 million people monthly. Forbes is the publisher of Forbes, the nation’s leading business magazine - celebrating its 90th anniversary in 2007- and its international edition, Forbes Asia, which together reach a worldwide audience of nearly five million readers. Forbes.com is the company’s Internet business, which is the homepage for the world’s business leaders and the #1 business site on the Web. The company also publishes Forbes Life and Forbes Life Executive Woman. Forbes’ local-language editions include: Forbes Nihonban, Forbes Korea, Forbes China, Forbes Russia, Forbes Arabia, Forbes Israel, Forbes Poland and Forbes Turkey.

September 9, 2007

Starting September 9, the TV18 Group, India’s fastest growing media conglomerate, will be rechristened ‘Network18’.

Network18, will unveil a new corporate identity for the Group which today has a market capitalization of over US$ 2 billion and an industry defying growth rate.

The new Network18 branding will unify all current and future entities of the erstwhile TV18 Group under a single, unified umbrella. Existing companies such as TV18, GBN, Web18, Homeshop18, Viacom18, Studio18, Events18 etc will reflect the new corporate identity.

Today, Network18 has businesses straddling filmed entertainment, news television, music television, news portals, mobile content, on-air / online shopping, show ticketing, jobs and travel portals, real time data terminals, TV channel distribution, event management and more. Network18 is also probably the only entity in the world, which has partnered three global media giants – NBC, Time Warner and Viacom.

Simple yet striking, the new red and white Network18 logo reflects the company’s brand identity - a window to an ever-changing world - in addition to connoting the stature and ambitions of this emerging global media corporation. The re-branding, designed by India's leading brand identity consultants, Ray + Keshavan, encapsulates the essence of the network through three essential tenets – Simple yet striking, the new red and white Network18 logo reflects the company’s brand identity - a window to an ever-changing world - in addition to connoting the stature and ambitions of this emerging global media corporation. The re-branding, designed by India's leading brand identity consultants, Ray + Keshavan, encapsulates the essence of the network through three essential tenets – Enable, Enlighten, Entertain.

Speaking on the occasion of the company’s anniversary, Raghav Bahl, Managing Director, Network18 said, “We have come a long way since TV18 began in 1992 as a small production house. From television news to filmed entertainment, Network18 leaves little untouched and unconquered, thus taking it a step closer to becoming the undisputed media mega brand! Despite our rapid growth and diversification, the one thing that has not changed, is our vision to be ‘better than the best’ and to continuously set new standards in this fast growing industry.”

“Network18 has built some of the most enviable media brands and audience franchises in India and we continue to work aggressively towards building India’s finest truly multi-platform media conglomerate. The new Network18 identity unites our over 3000 strong team and operations with a common set of values and aligns them behind a common purpose. The unified identity will help us harness the power of our individual brands and build an even stronger relationship with all our stakeholders. It is an exhilarating moment for all of us” added Haresh Chawla, Group CEO, Network18.

“Network18 embodies all the attributes of a start-up and combines it with the power to Enable, Enlighten and Entertain every Indian. Over the past decade, the Group has been able to empower more than 80 million Indians. The re-energised entity will aim to reach out to a much larger audience in India and globally. In the process, we also hope to make Network18 the first truly Indian, global media company” said, B. Sai Kumar, Group COO, Network18.

About Network18 Network18 is one of India's leading full play media conglomerates with interests in television, internet, filmed entertainment, mobile content and allied businesses. Through its holding in Television Eighteen India Ltd (TV18), Network18 operates India’s leading business news television channels - CNBC TV18 and CNBC Awaaz. It also runs India’s leading Internet company Web18, as well as one of India’s leading real time news terminal providers, Newswire18. Through its holding in Global Broadcast News Ltd (GBN), Network18 operates in the general news and entertainment space with general news channels CNN-IBN and IBN7, and has announced a joint venture with Viacom to be called Viacom18. This JV will operate the MTV, VH1 and Nickelodeon channels in India - as also Studio18, the Group’s filmed entertainment operation and will be launching a Hindi general entertainment channel. Additionally, Network18 holds the Group’s online & on-air retail venture, Homeshop18. The Group has recently announced forays, organic and inorganic, into event management, regional news and other areas.

Group Revenues at Rs 966.47 mn for Q1
Operating Profit Rs 84.21 mn, Operating Margin 8.71%

July 27, 2007

Highlights:
NOTE: TV18 (including Web18 and Newswire18) and GBN results published separately

1 ) The Network received 18 News Television Awards; more than any other network in India. CNN-IBN received the award for Best English News Channel.

2) Business News Operations maintained their number one position in the genre. CNBC-TV18 and CNBC-Awaaz together lead the Business News genre with over 2/3rd market share.

3) CNBC-Awaaz becomes the first choice of the affluent Hindi speaking audience

4) Moneycontrol.com received more page views per million than wsj.com almost for the entire quarter. Ibnlive.com is ahead of ndtv.com in daily page views.

5) Homeshop18 has built the capacity to reach over 2000 towns in India.

6) Studio18, a division of Network18, released movies in domestic and international theaters. Entered into a special relationship with TIFC – a £ 55 mn fund listed on AIM of London Stock Exchange.

7) Newswire18's revenues surged more than 70% on a QoQ basis; over 1000 terminals installed in “free trial” phase – the number of terminals under full billing are ahead of the Business Plan

Following the meeting of the Sub-Committee of the Board of Directors, Raghav Bahl, Network18’s Managing Director said: “We are extremely happy with this quarter’s performance at the Group’s Holding Company. Our Business News and General News Channels are doing exceptionally well. The Internet properties have started posting robust revenues bringing down the losses. HomeShop18 is continuously reaching new territories.”

Network18 Fincap Limited Consolidated Financial Performance (Unaudited Consolidated) for the quarter ended 30th June 2007

Particulars	Q1- 2007-08
Revenue from Operations	966.47
Operating Expense	882.26
Operating Profit	84.21
Operating Margin	8.71%
Extra-ordinary Income (on foreign currency hedge & INR debt derivatives)	35.86
Non recurring Operational Expense (WIP of 14 films transferred)	(244.01)
Net Non recurring Profit	34.16
Total Operating profit	154.23
Net Outflow on Revenue Share with CNBC & CNN	(42.41)
Interest/Income from Investments	72.31
Interest Expense	(139.07)
Interest (Net)	(66.76)
Depreciation	(76.39)
Total Profit Before Tax, Minority Interest and ESOP Charge Out	(31.33)
Provision for Current Tax/FBT	14.46
Profits after tax (before minority interest and ESOP charge out)	(45.79)
Minority Interest	(14.66)
Profits after tax and minority interest (before ESOP charge out)	(31.13)
ESOP charge out	(79.17)
Profits after tax and ESOP charge out	(110.30)
Exchange Fluctuations	(3.70)
Profits after Exchange Fluctuations	(106.60)
Provision for Deferred tax
Net Profit after Deferred Tax	(106.60)
Paid up Equity Share Capital	254.32
EPS (Rs.) without ESOP charge out	(0.54)
EPS (Rs.) with ESOP charge out	(2.10)

For further information on Business & Operations contact: Haresh Chawla, CEO Tel: 022-2490 0413 Fax: 022-5661 8984 e-mail:haresh.chawla@tv18online.com

For further information on financials contact: R D S Bawa, CFO Tel: 0120-5341717 Fax: 0120-5324110 e-mail:rds.bawa@tv18online.com

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