Yan Wang

11/01/2018
Economía Global Times - China Economía Internacional Yan Wang

Chinese firms must prepare for US security barriers

Alibaba's digital payments offshoot Ant Financial recently announced it had given up on its planned purchase of US cash transfer company MoneyGram International as the $1.2 billion offer failed to gain approval from the Committee on Foreign Investment in the US (CFIUS). Ant Financial said it will pay MoneyGram a $30 million breakup fee for the collapse of the deal.
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