Jack Ma's Latest U.S. Expansion Plan Threatened by Trump Agenda
- U.S. Representatives call for probe of Ant Financial’s bid
- Purchase may pose significant national security risk: letter
Jack Ma
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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.