Ant Group Quarterly Profit Falls 60% to $663 Million

Ant Group quarterly profit falls 60% to $663 million

SHANGHAI :Chinese fintech company Ant Group posted a 60.5 per cent 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 "inve

Jack Ma-backed Ant’s profit dives 60% after AI, global expansion

ANT Group’s quarterly profit fell 60 per cent, after the Chinese digital payments giant made more inroads overseas and invested in artificial intelligence (AI) to grow its revenue.

Jack Ma-Backed Ant’s Profit Dives 60% After AI, Global Expansion

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