What was the financial consequence for Ant Financial due to the termination of the deal?
Alibaba's Ant Financial Abandons MoneyGram Merger
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Ant Financial's attempt to acquire MoneyGram failed due to US regulatory disapproval, impacting Alibaba's international expansion plans. This event signals a challenging environment for Chinese investments in the US under the Trump administration. Ant Financial is expected to focus more on Asia and consider cooperation over direct investment for future international endeavors.
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What strategies might Ant Financial adopt following the setback in the US market?
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