{"id":1996330,"date":"2023-08-10T08:00:05","date_gmt":"2023-08-10T12:00:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ant-group-quarterly-profit-rises-17-5-on-year-to-13-37-billion-yuan-alibaba-filing\/"},"modified":"2023-08-10T08:01:20","modified_gmt":"2023-08-10T12:01:20","slug":"ant-group-quarterly-profit-rises-17-5-on-year-to-13-37-billion-yuan-alibaba-filing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ant-group-quarterly-profit-rises-17-5-on-year-to-13-37-billion-yuan-alibaba-filing\/","title":{"rendered":"Ant Group&#8217;s quarterly profit increased by 17.5% YoY to 13.37 billion yuan, according to Alibaba&#8217;s filing."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fant-group-quarterly-profit-rises-17-5-on-year-to-13-37-billion-yuan-alibaba-filing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1996330&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Ant Group Reports Strong Quarterly Profit<\/h2>\n<p>SHANGHAI (Reuters) \u2013 China\u2019s\u200c Ant Group recorded a net profit of 13.37 billion yuan\u200d ($1.85 billion) in the\u200d three months ending on March 31, marking \u2062a 17.5% increase compared to the previous year, according\u200d to Reuters calculations\u2063 from Alibaba Group Holding\u2019s earnings\u200c report released on Thursday.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ant-group-quarterly-profit-rises-17-5-on-year-to-13-37-billion-yuan-alibaba-filing\/\" title=\"Ant Group's quarterly profit increased by 17.5% YoY to 13.37 billion yuan, according to Alibaba's filing.\">e-commerce giant reports \u200dprofit<\/a> from Ant one quarter\u2064 in arrears.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">\n<script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });<\/script>\n<\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Alibaba, which spun off Ant 12\u2063 years ago, announced last month that it would not participate in Ant\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/unicredit-raises-outlook-after-strong-q2-says-well-placed-to-face-crisis\/\" title=\"UniCredit raises outlook after strong Q2, says well placed to face crisis\">proposed share buyback<\/a> and would maintain its shareholding in the\u200b company.<\/p>\n<p>In July, Chinese authorities fined Ant Group 7.12 billion yuan ($984 million) for violating consumer protection \u2063and corporate governance laws, concluding a long regulatory overhaul of the fintech company.<\/p>\n<p>($1 = 7.2097 Chinese yuan renminbi)<\/p>\n<\/p>\n<p>Reporting \u200bby Casey Hall; Editing by \u2063Bernadette Baum<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/ant-group-quarterly-profit\/attachment\/a-booth-of-ant-group-is-pictured-at-the-singapore\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<h3>More News:<\/h3>\n<ul>\n<li>with Landon Starbuck<\/li>\n<li>with Joe Allen<\/li>\n<li>with Dr. Jeff Barke<\/li>\n<\/ul>\n<\/div>\n<div class=\"entry-content\">\n<h3>Other Headlines:<\/h3>\n<ul>\n<li>Jack Smith slides into Trump\u2019s DMs while James Comer \u200bshows foreign sources for Biden \u2063family income.<\/li>\n<li>BENGALURU (Reuters) \u2013 South Korea\u2019s Hyundai Motor Group plans to launch more electric vehicles under the Hyundai brand.<\/li>\n<li>BERLIN (Reuters) \u2013 German technology group Robert Bosch will\u2062 establish a joint venture with TSMC, Infineon, and others.<\/li>\n<li>TAIPEI (Reuters) \u2013\u200c Taiwan Semiconductor Manufacturing Co (TSMC)\u200b approves a 3.5 billion euro ($3.8 billion) investment.<\/li>\n<li>By Gwladys Fouche OSLO (Reuters) \u2013 Meta Platforms seeks to halt\u2062 a \u2062fine imposed\u2063 by Norway&#8217;s\u2062 data authority.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>off Ant Group in 2011, reported that Ant Group made a net profit of 13.37 billion yuan ($1.85 billion) in the first quarter of 2021, a 17.5% increase compared to the same period last year. This information was calculated by Reuters from Alibaba&#8217;s earnings report released on Thursday.<\/p>\n","protected":false},"author":66,"featured_media":1996332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1996330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1996330"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1996330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1996332"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1996330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1996330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1996330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}