AUGUST 2007 China Travel Overview WILLIAM BAO BEAN SOFTBANK CHINA & INDIA HOLDINGS

China travel market and consolidator bookings Source: CEIC, SBCI, Ctrip, eLong

Consolidator quarterly hotel commissions Source: SBCI, Company reports

Consolidator hotel room night market share Source: SBCI, Company reports

Consolidator hotel room night market share Source: SBCI, Company reports

Consolidator online reach per million Source: Alexa

Consolidator metrics – customers Source: SBCI, Company reports

Consolidator metrics – customer additions Source: SBCI, Company reports

Consolidator metrics – customers from top cities Source: SBCI, Company reports

Consolidator metrics – hotel partners Source: SBCI, Company reports

Consolidator metrics – guaranteed allotment hotels Source: SBCI, Company reports

Consolidator metrics – % hotel bookings from guaranteed allotment hotels Source: SBCI, Company reports

Consolidator metrics – commission level paid by hotels Source: SBCI, Company reports

Consolidator metrics – commission level paid by airlines Source: SBCI, Company reports

Consolidator metrics – eTickets as a % of total Source: SBCI, Company reports

Consolidator metrics - package sales Source: SBCI, Company reports

SoftBank China and India Holdings Bodhi Investments LLC Founded 2006 Strategic backers SoftBank Corp. of Japan and Cisco Target markets China and India Selected South East Asian countries Target industries Internet and software, telecom value-added services, converged media and entertainment Target companies Early stage and selected pre-IPO opportunities 5 investment professionals with offices in Shanghai and Bangalore Investment decision process independent of SoftBank and Cisco

Founded 2006

Strategic backers SoftBank Corp. of Japan and Cisco

Target markets

China and India

Selected South East Asian countries

Target industries

Internet and software, telecom value-added services, converged media and entertainment

Target companies

Early stage and selected pre-IPO opportunities

5 investment professionals with offices in Shanghai and Bangalore

Investment decision process independent of SoftBank and Cisco

Thank You! William Bao Bean Partner [email_address] +852 9131 0218 +86 139 1789 8171