and moneygram?s it make more sense? is,: the biggest difference we are buying this business because we want to grow it and we want to leverage moneygram's network of a global money transfer around the world. in contrast to other industry players, who will be looking for consolidation and cost savings, we are looking to grow the business and expand it. moneygram operates in 200 countries and is operated over 500 financial institutions across the world. network,o take that combine it with our foreign hundred 50 million users in china, 200 million plus in india, and build a more seamless network of money transfer around the world. it is that expansion and growth of the differentiates the way we would approach the deal versus others. yvonne: we just mentioned about moneygram's earnings for the first quarter, which has missed. it has been uneven. do you have plans to rejuvenate earnings? businessesxisting for ant financial in china that you can replicate in the u.s.? doug: we are bullish on the remittanc

alibaba's financial arm is confident its bid for moneygram will go through. from the company's president next. ♪ reportedmoneygram earnings ahead of the highest estimates. this is a company based in dallas, basically a money transfer company. they are at the center of a bidding war between ant financial and another bidder. upped itsial recently offer, but they fear regulators could block the bid. we are confident it will get through. this is strategically important transaction for us. we need to submit it to voluntary review in the u.s.. that started back in january and has been proceeding smoothly. we have regulatory approval as well stateside, and the state regulatory approvals are underway. we are quite confident week will get through these. >> you were brought on to ant financial to expand its financial base. it is also preparing for an ipo, so i'm curious that you needed this deal in order to continue with this ipo plan. this transaction is important for us in terms of international growth. i was bought on to expand ant financial internationally, and the

moneygram acquisition and companies like first data.ee more investments abroad and competition there. we will continue to see growth in southeast asia as well as domestically. you,e: selina wang, thank joining us live from new york. oneteran bear still short banking stocks, but not as much as he once was. speaking at the salt conference says he still sees china as a disaster. his firm has been doing well closer to home. >> we mentioned the areas we fromshort, valeant -- early 2014 on. we have notr areas talked about publicly. the opportunities in the u.s. are expanding. we are finding a lot to do here. previously we have been to asia and other places. china anymore? >> we are still sure. china is not any less of a disaster, it is. but we are seeing interesting action. we would rather do those, given the chance. that was from las vegas, nevada. the great debate. washington's political drama seems unlikely to blow fed policy off course. this is bloomberg. ♪ ramy: welcome back, we are counting down to asia's first major market open. japan