Busnessman opening shirt to reveal dollar sign on chest

The successor to China's popular Alipay Wallet mobile-payment app aims to be a one-stop financial solution and a handheld portal to local services for smartphone users.

Booming sales of smartphones in China means there's still plenty of room for growth in the mobile e-payments market. Check out an infographic to see how Alipay, the country's dominant mobile-payments provider, continues to add to the list of retailers, restaurants and services that accept it as a settlement option.

Alipay users now can settle payment in more than 700 KFC restaurants in China’s Shanghai City and Zhejiang Province using their smartphones, and the service is set to expand to some 5,000 KFC outlets nationwide.

Alibaba Group, Ant Financial Services and Weibo plan to roll out mobile municipal services in 50 Chinese cities by the end of 2015.

The Zeng Libao (aka Yu'e Bao) money market fund--one of the world's largest money funds--now has 185 million investors and RMB 579 billion ($93 billion) in assets under management.

Alipay, China’s largest e-payment provider, is making it possible for people to pay their parking tickets--and access a host of other public services--using their smartphones.

Some well-known Hong Kong retail chains are offering discounts over the Chinese New Year holiday to attract more mainland shoppers to pay using the Alipay Wallet O2O app.

Supermarkets, restaurants and even car washes participating in Taobao Marketplace's annual 12.12 sale saw heavy demand as consumers jammed stores to take advantage of deep discounts available through Taobao and Alipay mobile-shopping apps.

A new Alipay report released today shows mobile and rural e-commerce is thriving in China, with individuals from Hangzhou and Yiwu spending the most.

Illustration of turkey

China may not celebrate Thanksgiving, but that didn’t stop adventurous Chinese consumers from going online this year to join the sales frenzy surrounding the U.S. holiday, according to China’s largest e-payments provider.