The South China Morning Post writes "Tencent'​s WeChat testing money market fund and score system in bid to catch up with Alipay." They tell us, "WeChat Pay has launched a beta version of a new money-​market fund as its parent Tencent Holdings seeks to expand its payment services to help diversify business in the face of uncertainties in its gaming segment. Tencent'​s Lingqiantong, similar to Alibaba'​s Yu'​e Bao, was released in beta version last Friday, inviting users to test the platform'​s functions. The new features - which allow users to earn interest from their balance as well as transfer payments to pay bills, send virtual red packets and pay off credit card debts -- were rolled out on a test basis to a small pool of users in September last year. The move is seen as an attempt by WeChat Pay to catch up with Alipay, which operates the world biggest money-​fund market Yu'​e Bao and is the country'​s third-​party payments provider."

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