Hong Kong - listed company , the developer of popular Chinese messaging platform WeChat , has moved to expand its global online payment offering after it led a $ 13 billion funding round for Australian international payment software firm Airwallex . This follows rival Alibaba 's $ 1.2bn bid to take over MoneyGram , a money - transfer provider based in Dallas , China . Tencent 's platform is currently the second largest digital payment platform in China , behind Alibaba - owned Alipay .
Hong Kong-listed Tencent, the owner of popular Chinese messaging app WeChat, has moved to expand its global online payments offering after it led a $13m funding round for Australian international payments software firm Airwallex. This follows rival Alibaba's $1.2bn bid to take over MoneyGram, a money-transfer provider based in Dallas, Texas. Tencent's Tenpay is currently the second largest digital payment platform in China, behind Alibaba-owned Alipay.