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China isn’t taking Alibaba’s latest rejection very well

OPINION: The US won't let Alibaba, China's crown jewel, purchase a US company. This is a rocky start to an already risky few months for US-China relations.

The Chinese billionaire behind Alibaba is being drawn into a bidding war over MoneyGram

Investors are already betting that Ant Financial and Euronet will raise their bids for MoneyGram.

Alibaba’s e-payment company is buying MoneyGram for $880 million

Ant Financial, whose anchor business is Alipay, China's largest online payments service, was spun off from Alibaba in 2011.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.

REMITTANCES EXPLAINED: How funds are transferred across borders, and why digital is poised to disrupt this century-old industry

Remittance volumes are huge, topping half-trillion dollars last year. Now digital companies are disrupting a centuries-old industry.