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S May 2015 Software & Services Alibabe • Inability to efficiently monetize mobile e-commerce opportunities • Inability to correctly monitor 3rd party service providers which can result in growing user dissatisfaction • Inability to successfully integrate invested entities into Alibaba's ecosystem Deutsche Bank AG/Hong Kong Page / CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0117079 CONFIDENTIAL SDNY_GM_00263263 EFTA01457508
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