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China's Alibaba buy MoneyGram at $800m

  • Author:Nicole Zhang
  • Source:BBC news
  • Release on :2017-01-28
  Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).

  MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users.
The takeover by the Chinese group will need regulatory approval from the US Committee on Foreign Investment.
The inter-agency committee reviews foreign acquisitions of domestic American assets on grounds of national security.

  Above news from BBC NEWS, Onekin is glade to know this newsq, and would appreciate it doing benefits in the future for trading business. And provide our fireproof wall panel to more customers, bring them better living conditions.