► Read more at https://on.ft.com/2Lpwu2X<br /><br />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.<br /><br />► Subscribe to FT.com here: http://bit.ly/2GakujT<br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
