Going international: The proposed US$880mil (RM3.9bil) deal is a first major step by Ant, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding, to expand its business overseas.
BEIJING: Ant Financial Services Group, the world's largest financial technology company, is confident of closing a deal for US money-transfer firm MoneyGram International Inc, a top executive told Reuters, despite a higher bid from a US rival.
The proposed US$880mil (RM3.9bil) deal is a first major step by Ant, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding, to expand its business overseas, as the firm, valued at US$60bil (RM266bil), sets itself up for a public offering.
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