BEIJING: China's Ant Financial tried to soothe security concerns about its proposed US$880mil (RM3.91bil) takeover of MoneyGram International Inc on April 6, saying it intends to store US user data locally once the deal closes.
The finance affiliate of Internet giant Alibaba Group Holding Ltd will meet MoneyGram's existing security infrastructure standards and invest in US jobs, Ant's head of international strategy Douglas Feagin said.
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