In early January, Ant Financial, the electronics payment affiliate of China's Alibaba Group, and MoneyGram, a Texas - based money transfer company, announced that it had been forced to abandon a proposed deal after failing to win approval from the Committee on Foreign Investment in the United States (CFIUS), a congressional panel that reviews foreign purchases of American companies. (fortune.com)
And it's formalising its relationship with payments affiliate Ant Financial by taking a stake in the internet finance giant. (afr.com)
A 33 pct stake in payments affiliate Ant looks more promising. (breakingviews.com)