OneTouch service offers exporters one-stop shop

Alibaba.com, the business-to-business unit of the Hangzhou-based e-commerce conglomerate, said on Tuesday it will offer subsidies to encourage Chinese suppliers to use the company's online export services.

Alibaba.com said it will pay manufacturers and suppliers up to 0.03 yuan for every $1 in value of export transactions handled through OneTouch, the Shenzhen-based integrated foreign trade services company. OneTouch, a subsidiary of Alibaba.com, provides Chinese exporters with online services, including customs clearance, trade financing, foreign exchange and logistics.

"Alibaba Group has built up an entire ecosystem based on domestic commerce due to the large transactions on taobao.com and tmall.com. What we are trying to do here is to establish a system focused on foreign trade," said Wu Minzhi, vice-president of Alibaba Group and head of Alibaba.com.