Ant Group Reports 10.25% Quarterly Profit Decline at 12 Billion Yuan

Reported about 2 months ago

Ant Group's net profit for the latest quarter fell by 10.25% to 12 billion yuan ($1.68 billion), according to calculations based on Alibaba's earnings. This decline follows a significant regulatory fine imposed last year, marking a challenging period for the fintech giant co-founded by Jack Ma.

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