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Paytm investor Alibaba’s Ant Financial to buy US firm MoneyGram for $880 mn

Friday, January 27, 2017 | More »

Alibaba
In step with its international ambitions, Ant Financial Services Group, the payment business arm of Chinese e-commerce giant Alibaba Group, has agreed to buy US money-transfer company MoneyGram for $880 million. Alibaba and Ant Financial hold a significant stake in One97 Communications Ltd, the pare...