Ant Group quarterly profit falls 60% to $663 million
SHANGHAI (Reuters) -Chinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31, according to Reuters calculations based on…
From the Fly On Wall Street archive. This article dates from Aug 29, 2025 and is preserved as first published.
SHANGHAI (Reuters) -Chinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31, according to Reuters calculations based on earnings reported by stakeholder Alibaba on Friday.
Alibaba said the decrease was mainly attributable to “investments in new growth initiatives and technologies, and the decrease in fair value of certain investments”.
Alibaba said the decrease was mainly attributable to “investments in new growth initiatives and technologies, and the decrease in fair value of certain investments”.
E-commerce group Alibaba reports profit from Ant one quarter in arrears.
Both groups were co-founded by Chinese billionaire Jack Ma and Alibaba holds a 33% stake in Ant.
