Mounting tensions between “strategic competitors” deteriorating Sino-US relations
January 8, 2018
Alibaba’s Ant Financial is starting the year off on a sour note. Not only has its bid for American Moneygram International fallen through, the micro-lender reportedly has sold no asset backed securities since early December of last year – a business which saw USD 37 billion in sales in the 11 months prior. Ant Financial wasn’t the only one burned by mounting tensions between US and China however, with Huawei’s deal with AT&T reportedly cancelled last minute on political pressures. This and more in the note.
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