World Wide Web Reporter Li Zongze — According to a report from the U.S. "Wall Street Journal" on January 3, the U.S. money transfer company FXCM and China's Ant Financial Services Group have officially scrapped their merger plan due to the failure to secure U.S. regulatory approval. This marks another example of the complex and often tense relationship between the economic giants of the United States and China. In a joint statement, both companies revealed that despite multiple efforts to address concerns raised by the U.S. Committee on Foreign Investment (CFIUS), they were unable to gain the necessary approvals. Following the announcement, shares of FXCM dropped by around 8% after market close on Tuesday. Ant Financial, which operates Alipay, is controlled by Alibaba founder Jack Ma. The company initially agreed to acquire MoneyGram in January 2017 for $880 million, but later increased its offer to approximately $1.2 billion after Euronet Worldwide submitted a competing bid of about $955 million. At the time of the initial offer, Douglas Feagin, president of Ant Financial, told the Wall Street Journal that the company was pleased to enter the CFIUS review process and had maintained good communication with U.S. regulators. In a recent statement, Feagin expressed continued optimism about the global potential of Ant Financial. Dallas-based MoneyGram and Ant Financial announced that they will now focus on new strategic partnerships in the remittance and digital payment sectors. Additionally, Ant Financial has reportedly paid $30 million in termination fees to MoneyGram as part of the deal breakdown. This development highlights the growing challenges faced by Chinese firms seeking to expand into the U.S. market, especially in sensitive sectors like financial services. As geopolitical tensions continue to shape global business strategies, such deals may become increasingly difficult to finalize without navigating complex regulatory landscapes. Usb Cable,Usb Extension Cable,Micro Usb Cable,Panle Mount Usb Cable Dongguan City Yuanyue Electronics Co.Ltd , https://www.yyeconn.com