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The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

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Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#11

Post by nipplesurvey »

adventured wrote: post #9

It's an extremely reasonable, ideal way to deal with China's one-way economic behavior. They don't allow foreign corporations to buy up their domestic companies. They place foreign companies at an intentionally severe disadvantage. You can hardly operate in the country at all without selling a big part of your operations to a domestic entity (or otherwise being the minority partner). Every developed nation is beginni…

Indeed, hearing China nag US for protectionism is some serious pot calling the kettle black.

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#12

Post by baybal2 »

Economic war it is, plainly and simple.

Just like UK was ripping of India with trade in fabrics, so does China now with the rest of the world. And so did USA with countless countries in the past, now they are just surprised how unexpectedly fast they ended up on the other end of the barrel.

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#15

Post by remind_me_again »

lerie82 wrote: post #14
gigatexal wrote: post #10

How is this an issue of national security?

Something about Alibaba being tied to terrorist organizations? but I've been wrong before

These days it goes like this, if they are not doing what you demand, call them names...

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#16

Post by xster »

booleanbetrayal wrote: post #7

Here's a recent primer on Ant Financial's relationship with social status ranking and government relations -- https://www.wired.com/story/age-of-social-credit/

It was a fun read but I feel like the article is also partly re-invoking your imagination on assumed stereotypes you already had.

I'm by no means an expert but from playing around with it a bit, it seems no different from something like Klout which came and past in that it takes your scores and mostly uses it to send you lame in-house 'benefits' promos that are more like normal ads.

Something like https://epic.org/algorithmic-transparency/crim-justice is far more impactful and interesting.

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#17

Post by 1_2__4 »

Tzedek wrote: post #13

I feel like I am going full dumb dumb here, but: how is this actually bad? I read: "US government prevents Chines company from owning yet another piece of our ass" excuse the french Not trying to troll, really interested in what the downsides are.

None. This is great news. America is not helped at all by a foreign company owning a money transfer service, although I expect to see an avalanche of market worshippers saying how this is actually bad because markets markets markets.

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#18

Post by booleanbetrayal »

xster wrote: post #16
booleanbetrayal wrote: post #7

Here's a recent primer on Ant Financial's relationship with social status ranking and government relations -- https://www.wired.com/story/age-of-social-credit/

It was a fun read but I feel like the article is also partly re-invoking your imagination on assumed stereotypes you already had. I'm by no means an expert but from playing around with it a bit, it seems no different from something like Klout which came and past in that it takes your scores and mostly uses it to send you lame in-house 'benefits' promos that are more like normal ads. Something like https://epic.org/al…

I think the article is just illustrative of what data is sloshing about, how it's being gathered, who is taking an interest in it, and an indulgence into the possible motives fueling it all.

Re: The US Government Blocks MoneyGram’s $1.2B Sale to Alibaba’s Ant Financial

#20

Post by kuwze »

Tzedek wrote: post #13

I feel like I am going full dumb dumb here, but: how is this actually bad? I read: "US government prevents Chines company from owning yet another piece of our ass" excuse the french Not trying to troll, really interested in what the downsides are.

I'd say considering the crazy mergers we're having stateside that this is just another example of sinophobia.
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