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Alibaba buys Moneygram

Graham Watson

29th January 2017

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Interesting merger story from the US today: the finance arm of Alibaba, Ant Finance, are buying money transfer firm, MoneyGram, subject to regulatory approval. One wonders what Mr.Trump makes of this?

However, it's the second such purchase by Alibaba in the recent past, the bought the biometric authentication company EyeVerify last year.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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