March 2008 China Payment Overview WILLIAM BAO BEAN SOFTBANK CHINA & INDIA HOLDINGS

China Internet and eCommerce background 220m Internet users as of March 2008 2006: 43m online shoppers spending US$4.3bn 2007: 55m online shoppers spending US$8.25bn Taobao 75% of turnover or US$6.1bn Source: BDA China, CIRC

220m Internet users as of March 2008

2006: 43m online shoppers spending US$4.3bn

2007: 55m online shoppers spending US$8.25bn

Taobao 75% of turnover or US$6.1bn

China bank network overview 180 banks, 740,000 outlets, 120,000 ATMs 1.5m bank cards. 75m credit cards vs 52m in 2006 Int’l China bank cards 26 countries, 125,000 outlets and 365,000 ATMs Source: CUP

180 banks, 740,000 outlets, 120,000 ATMs

1.5m bank cards. 75m credit cards vs 52m in 2006

Int’l China bank cards 26 countries, 125,000 outlets and 365,000 ATMs

Chinese New Years 2008 report Card spend US$4.03bn vs US$2.52 in 2007 Transactions 66.4m vs 44.3m in 2007 Domestic retail sales US$36bn up 16% in spite of storms Int’l card spend US$225m vs US$157m in 2007 Domestic average spend per transaction US$60, Int’l US$417 Source: CUP

Card spend US$4.03bn vs US$2.52 in 2007

Transactions 66.4m vs 44.3m in 2007

Domestic retail sales US$36bn up 16% in spite of storms

Int’l card spend US$225m vs US$157m in 2007

Domestic average spend per transaction US$60, Int’l US$417

China OTA customers rising Source: SBCI, Company reports

Customer concentration in top cities falling Source: SBCI, Company reports

Guaranteed allotment hotels rising Source: SBCI, Company reports

Guaranteed allotment hotels bulk of bookings Source: SBCI, Company reports

eTickets almost all transactions Source: SBCI, Company reports

Online transactions stable Source: SBCI, Company reports

Package sales still small Source: SBCI, Company reports

Outbound air 15% of sales, 4-7% of volume Source: SBCI, Company reports

Bank card purchases of air tickets rising eLong 48% Ctrip 60-70% ETpass 30% Yoee 60% Source: SBCI, Company reports

eLong 48%

Ctrip 60-70%

ETpass 30%

Yoee 60%

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] +86 139 1789 8171 +852 9131 0218