CHINA INTERNET = INNOVATIVE PRODUCTS + BUSINESSES CONTINUE TO IMPRESS PREPARED BY HILLHOUSE CAPITAL Disclaimer – The information provided in the following 39 slides is for informational & illustrative purposes only. No representation or warranty, express or implied, is given & no responsibility or liability is accepted by any person with respect to the accuracy, reliability, correctness or completeness of this Information or its contents or any oral or written communication in connection with it. Hillhouse Capital may hold equity stakes in companies mentioned in this section. A business relationship, arrangement, or contract by or among any of the businesses described herein may Internet Trends not exist at all & should not be implied or assumed from the information provided. The information provided herein by Hillhouse Capital does not constitute an offer to sell or a solicitation of an 293 2019 offer to buy, & may not be relied upon in connection with the purchase or sale of, any security or interest offered, sponsored, or managed by Hillhouse Capital or its affiliates.