Bailian builds e-commerce platform

Firm expects Shanghai unit to provide diverse solutions to other enterprises

An online e-commerce platform for commodity trading that aspires to become an internet-based information and transaction hub with a trillion-yuan ($151 billion) in target was established in Shanghai on Tuesday, making it one of the first to offer customized real time information services for the trade.

The platform, Shanghai Bailian Commodity E-commerce Co Ltd, is the commodity e-commerce arm of Shanghai's State-owned conglomerate Bailian Group.