US blocks MoneyGram sale to Chinese firm over security concerns

Alibaba founder Jack Ma’s $1.2bn takeover plan is most high-profile Chinese deal to be rejected by Trump administrationAlibaba founder Jack Ma’s plan to acquire money transfer company MoneyGram has collapsed after a US government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed by Donald Trump’s administration.The $1.2bn (£885m) deal’s failure represents a blow forMa, the executive chairman of the Chinese internet