This move is expected to boost Chinese consumption of Australian products by connecting Australian consumers with Chinese manufacturers. Alipay has established a Sydney-based venture, Alipay Australia, which will work closely with Paybang, a joint venture by Alipay, in facilitating cross-border trade between the two countries. Taobao launched its official Taobao Australia E-commerce Channel to bring high-quality food and agricultural products straight to Chinese customers, with Melbourne-based digital solution provider Zoyu Digital helping source authentic Australian products. This deal will further boost cross-border e-commerce between China and Australia. Metao, a cross-border e-commerce platform, just received Series B financing led by Vertex Venture.