Ant Group quarterly profit falls 60% to $663 million

August 30, 2025

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Synopsis

Alibaba said the decrease in profit for Ant Group was mainly attributable to “investments in new growth initiatives and technologies, and the decrease in fair value of certain investments”. Both groups were cofounded by Chinese billionaire Jack Ma and Alibaba holds a 33% stake in Ant.

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…

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