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Traditionally, e-Business uses Client/Server technologies. In this model, the consumers and producers do businesses through the third parties like Alibaba.com. When we investigate the more wide scope of e-Business such as e-Business corporations of many partners for the whole supply chain, the complex business activities are not easily modeled and implemented by several third parties. When a lot of Small to Medium Enterprises (SME) have their own Internet business servers and/or Enterprise Resource Planning systems, P2P technologies are the potential for the solution of the e-Business corporations. This paper will introduce a different approach of e-Business based on semantic P2P Network-Virtual Hierarchical Tree Gird Organizations (VIRGO). Other than unstructured and DHT-based structured P2P networks, VIRGO keeps the semantic meanings of the nodes according to their roles in the communities. In VIRGO approach, the nodes are identified as domain names classified by the semantic meaning of roles in the organizations. The nodes construct the VIRGO network according to their domains, which form a coalition of vertical virtual organizations. In every node, on the top of VIRGO an intelligent agent is implemented to collect and analyze the related knowledge information such as the lowest price of a product among all nodes, and to make auxiliary business planning and decision. This paper will illustrate the benefit of VIRGO approach for e-Business, especially about the intelligent agent on the top of VIRGO and distributed complex action execution by SQL-like statements.