When China Buys Financials

So, we have the interesting purchase of a company, Moneygram, which is the kind of place you go to to transfer money.  Ant Financial, already partially owned by China is doing the purchase.  For those considering the CFIUS case on this, don't forget about Alipay.  Yahoo bought Alipay as a part of its interests in Alibaba.  Alibaba sold it ar the behest if the Central government but did not tell Yahoo for 6 months.  Alibaba later claimed the government made them do it to avoid having financial information  in the hands of another country.  Reciprocity.  We don't need having financial information not already in their hands through theft,  being provided to them.  The Alipay situation is perfect justification for not doing the deal.