► Read more at https://on.ft.com/2Lpwu2X
In China cash is no longer king. Why? Because of the Alipay phenomenon. It's China's biggest mobile payment platform with 622m users, handling more than half of the country's $15.5tn payments market.
► Subscribe to FT.com here: http://bit.ly/2GakujT
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
For more video content from the Financial Times, visit http://www.FT.com/video
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes
