Ant Financial’s failure to buy MoneyGram is the Chinese billionaire’s latest setback

The third time wasn’t a charm for Jack Ma.

Ant Financial Services Group’s failed bid to acquire Dallas-based MoneyGram International Inc., which followed three rounds of reviews by a U.S. national-security panel, was the latest in a string of setbacks for the Chinese billionaire, whose companies have long sought to establish beachheads in America.

Mr....

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