Alibaba opens info security tech platform

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.