Ant Group Net Profit Falls 78.7 Percent to 1.15 Billion Yuan
Ant Group net profit fell 78.7 percent to 1.15 billion yuan in the quarter ending December 31. The figures were disclosed in earnings from Alibaba Group.
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Ant Group's net profit fell 78.7% to 1.15 billion yuan ($169.36 million) in the three months ending December 31. Alibaba Group Holding Ltd disclosed the results in earnings released on the following day, reflecting a sharp decline in China. The 1.15 billion yuan profit signals Ant's trajectory following years of regulatory scrutiny.
