China's Alipay grabs slice of US market with first deal

New York

CHINA'S mobile-payments king wants a piece of the world's biggest consumer market.

Alipay, owned by Jack Ma's Ant Financial, reached a deal that will let its users shop at four million US merchants served by payments processor First Data Corp, the companies said on Monday in a joint statement. The rollout will begin with businesses that use First Data's Clover products.