Published: 4:15pm, 1 May, 2017 Updated: 2:55pm, 20 Jul, 2018
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 .