China is Australia’s largest two-way trading partner and it looks like Alibaba is going to capitalize on that. In a single day this week they acquired an Aussie mobile security start-up called V-Key and announced that Alipay (China's largest online payment platform) would open a Sydney office.
Alibaba’s official blog says Alipay’s Australian office will help local businesses access Alipay’s cross-border payment services. For example, this includes a page on Alibaba Group’s Taobao, the largest consumer-to-consumer marketplace in China, dedicated to promoting Australian food products. Merchandise will be sourced by Zoyu Digital, a Melbourne-based company, and distributed by Chinese logistics provider Sinotrans. China and Australia recently signed a free trade agreement which will remove tariffs from Australian dairy and beef industries imported into China. The Australia Post and Alipay have also worked together to make Alipay Purchase Cards available in 4,400 retail outlets. Australian consumers can use them to add money to Alipay accounts and pay for goods on Tmall and Taobao.