My interpretation - as of now there doesn't seem to be ANY deal in the works between Apple & Alipay - quite the contrary.

A deal with Apple as of now is ONLY required to use the secure element which is in the iPhone 6.

Apple and UnionPay are implementing ApplePay - where UnionPay plays the role of Visa and is probably implementing the EMV Tokenization standard and leveraging the iPhone 6's secure element & enabling NFC payments.

Alipay is just implementing TouchID as an authentication for its wallet - completely independent of ApplePay and not requiring access to the secure element. It won't work over NFC but works over a mobile network.

Thoughts?