Chinese giant buys U.S. firm that does Mexico money transfers

CNN – Ant Financial, a related company of Alibaba, the global conglomerate backed by Chinese billionaire Jack Ma, is buying MoneyGram for $880 million. The deal could be one of the first tests of how serious President Donald Trump is about cracking down on money transfers, also known as remittances, to Mexico.

http://money.cnn.com/2017/01/26/investing/moneygram-ant-financial-jack-ma-remittances/

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