U.S. blocks Alibaba affiliate Ant Financial’s $1.2B bid for Moneygram
The U.S. has blocked the $1.2 billion sale of money-transfer service Moneygram to Ant Financial, an affiliate of Chinese e-commerce giant Alibaba — the latest sign of strain in the U.S.-China relationship. Ant Financial, which is controlled by Alibaba founder and billionaire Jack Ma,…