Chinese B2B e-commerce group Alibaba has announced plans to launch a newly-developed product "Ren Mai Tong" today, integrating e-commerce and the social networking service functions to provide an online community for business people.

This business-oriented SNS website will be launched on June 17, 2009. It will not only provide online gaming interactive functions, but also focus on the business networking activities to promote better business relations.

Lin Kai, chief engineer for the "Ren Mai Tong" product, told local media that the new service includes functions such as business card production, friends' business cards holder, latest news, and customer news aggregation. In addition, if two parties reach an agreement on the website, they can realize online trading with Alibaba's online payment platform Alipay.