Uber has sold its online food ordering business in India to Ant Financial-backed Zomato in exchange for a 9.99% stake in Zomato. The deal essentially limits its exposure to the Indian market where it has struggled to grow. The all-stock… Read More ›
Ant Financial
The Trump Administration’s Great Firewall of Commerce blocks Huawei Technologies and ZTE from gaining access to U.S. market
The Trump Administration is taking a stronger stance on national security policies initiated by the Obama Administration and is increasingly frustrating Beijing’s efforts at acquiring strategic U.S. industries and U.S. technology. Two congressional aides have disclosed, U.S. lawmakers have urged… Read More ›
Ant Financial’s acquisition of MoneyGram International does not pass CFIUS scrutiny
Of late, the U.S. government has focused on the cyber security, data integrity and privacy related angles to a deal before it gives its blessings. The U.S. government has rejected the acquisition bid by Ant Financial, a unit of Alibaba… Read More ›
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