Alibaba opens info security tech platform

By Meng Jing ( China Daily ) Updated: 2016-07-14 07:47:30

Alibaba Group Holding Ltd is gearing up to open up its information security technologies to other e-commerce players, as the online shopping giant sees the industry-wide data security market as the cornerstone for it to reach its goal of selling 6 trillion yuan ($896.8 billion) of goods on all its platforms in 2020.

New York-listed Alibaba announced in Beijing on Wednesday the setup of an e-commerce ecosystem security alliance, a group that is dedicated to improve the information security power of participants in the e-commerce industry.

Zhang Yong, chief executive officer of Alibaba, said that the group had accumulated rich experience and technologies in security over the past 17 years.

Alibaba opens info security tech platform

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