When even Jack Ma can’t get a deal done, it’s time to call an end to meaningful Chinese acquisitions in the U.S. Just a year ago, President-elect Donald Trump boasted that he and Mr. Ma—China’s best-known businessman and the founder of tech giant Alibaba—would “do great things” together, amid talk of creating one million American jobs. Not so much. Even Mr. Ma’s assiduous efforts to play to the current nationalistic tone in Washington haven’t been enough to ensure the approval of Alibaba-affiliate Ant Financial’s planned $1.2...

Source: Wall Street Journal January 03, 2018 08:03 UTC