Alibaba entents to create a trust system

Asian online giant Alibaba.com has launched a new service. The “innovation” supposes to submit some personal information, such as identification card numbers and bank accounts. All these are needed to create a trust system based on individual e-commerce. After the submission the users will be enabled to release business information on Alibaba.com.

Though it’s necessary to say that the new service does not contradict Taobao.com, online shopping service of Alibaba.com and the largest online consumer-to-consumer marketplace.

"We do not cause a conflict. Alibaba.com mainly serves the wholesale market and Taobao.com the retail market, and that is the biggest difference between both," said David Wei, CEO and executive director for Alibaba.com Ltd."

Today the giant of Asian and world economy declares that its registered user base consists of 25 million, however only about 300,000 paid enterprise users are among them. But Alibaba.com promises its investors that it would do its best to gain more than 1 million paid users before the end of 2009.