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Investor Presentaiton

Global digital platforms have achieved very strong market positions Combined value of the platform companies with a market capitalization of >$100 million $4.7 trillion +67% $7 trillion Top 7 platform companies UNITED NATIONS UNCTAD in terms of market capitalization Microsoft amazon Alphabet facebook 腾讯 EL Alibaba Group 2015 2017 Source: UNCTAD, based on Dutch Transformation Forum, and Evans and Gawer. Tencent 9

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