Launches Trading Platform For Used Goods In China

News Source:, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.

Via this new platform, users can sell their used goods, and the published trading information will be syndicated to Sina's microblog,,, and synchronously. will provide Internet payment services to this new C2C platform. It is said that each user can enjoy the monthly trading volume of CNY10,000 or 20 transactions for free; while those exceeding the limit will be charged with a 1% service fee.

A representative from the user business department of said that will act as a warrantor during the transaction and provides a guaranteed escrow account to the two parties during the transaction. After transferring the pa...

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