Ant Group quarterly profit down 78.7% on year

ReutersMay 13, 2026 9:45 AM

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SHANGHAI, May 13 (Reuters) - China's Ant Group posted a 78.7% fall in net profit to 1.15 billion yuan ($169.36 million) in the three months to Dec. 31, according to Reuters calculations based on Alibaba Group Holdings' 9988.HK earnings released on Wednesday.

The e-commerce giant 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.

($1 = 6.7904 Chinese yuan renminbi)

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