ChinaVirtuoso

Chinese third-party Internet payment service provider Alipay.com announced that the company has established a new subsidiary in Sydney, Australia.

Alipay will reportedly continue with a local joint venture with Paybang to meet the shopping demands of Australian and Chinese consumers.

Alipay will also work together with Australia Post to promote Alipay shopping cards in 4,400 local retailing sites. With those cards, Australian consumers will be able to directly purchase products from Tmall.com and Taobao.com.

Alibaba Group's other subsidiary Taobao also announced a new move in Australia. The website formally launched its Australia zone online, which will provide the best Australian food and agricultural products to consumers in China.

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