Chinese pursuit of MoneyGram raises espionage fears

The acquisition of financial giant MoneyGram by a company with close ties to the Beijing government might be scuppered by rising fears that Chinese spies would exploit the data of American troops and their families to track military movements and identify targets to turn. The bidding war for Dallas-based MoneyGram pits China's Zhejiang Ant Small and Micro Financial Services - called "Ant" - against Euronet Worldwide, a Kansas firm that's American-owned.

Shares of MoneyGram jump on merger deal with Alibaba unit

The combination will provide consumers in over 200 countries and territories with financial services, thus furthering Ant Financial's objective to become the leading platform of its kind in the world.The investigation concerns whether MoneyGram's board of directors failed to adequately shop the Company and obtain the best possible value for MoneyGram shareholders before entering into an agreement with Ant Financial. President Trump.

Alibaba CEO Eyes $4 Trillion Offline Market by Being Middleman

After taking control of China's online shopping market, Alibaba Group Holding Ltd. wants to bring the business of instant feedback to a brick-and-mortar sector that's 10 times bigger. The nation's biggest e-commerce company is building a network that would allow physical stores -- and the brands they sell -- to monitor transactions as they happen, Chief Executive Officer Daniel Zhang said.

10 Things to Know for Today

In this file photo taken Nov. 11, 2015, Jack Ma, executive chairman of the Alibaba Group, speaks in front of a giant screen showing real-time sales figures of e-commerce giant Alibaba, during a press conference for the "Singles' Day" online shopping festival held at National Aquatic Center, also known as the "Water Cube" in Beijing, China. Alibaba's relationship with an anti-counterfeiting lobby coalition known as the International Anti-Counterfeiting Coalition is a tale of how one of China's corporate giants won _ and ultimately lost_ a friend in Washington, using legal methods long deployed by corporate America: money and friendship.