Goods from more than 60 industries will be available on the company's online system

Asia's largest refiner China Petroleum & Chemical Corp, known as Sinopec, is pushing big into a market-oriented transformation with the launch of the country's largest online industrial supply system on Monday, teaming up with e-commerce giant Alibaba Group Holding Ltd.

It is the latest in a string of moves by State-owned enterprises to diversify their business and enhance profitability.