Jack Ma's MoneyGram deal threatened as lawmakers cite China risk

Alibaba Chairman Jack Ma. Photo: Bloomberg

Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles.

On Friday, two members of the House of Representatives urged the Committee on Foreign Investment in the U.S. to conduct a “full and thorough” investigation of Ant Financial’s proposed acquisition of MoneyGram International Inc., a money-transfer service.

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