Alibaba eyes opportunities in Australia

The cashed-up Chinese internet giant is eyeing expansion opportunities at home as well as abroad -- including in Australia.

Chinese e-commerce giant Alibaba is eyeing business opportunities in Australia following a freshly inked free trade agreement with China. The company is launching a new e-commerce platform as well as Alipay, one of the country’s most popular payment systems with more than 300 million registered users.

Alibaba has a cult following among international investors after its $US25 billion float on the New York Stock Exchange in September, making its IPO one of the largest in history. 

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