{"id":958638,"date":"2025-08-30T09:30:25","date_gmt":"2025-08-30T04:00:25","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=958638"},"modified":"2025-08-30T09:46:21","modified_gmt":"2025-08-30T04:16:21","slug":"ant-group-quarterly-profit-falls-60-to-663-million","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/08\/30\/ant-group-quarterly-profit-falls-60-to-663-million\/","title":{"rendered":"Ant Group quarterly profit falls 60% to $663 million"},"content":{"rendered":"<p>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.<\/p>\n<p>Alibaba said the decrease was mainly attributable to &#8220;investments in new growth initiatives and technologies, and the decrease in fair value of certain investments&#8221;.<\/p>\n<p>Ecommerce group Alibaba reports profit from Ant one quarter in arrears.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 decrease was mainly attributable to &#8220;investments in new growth initiatives and technologies, and the decrease in fair value of certain investments&#8221;. Ecommerce group Alibaba reports profit from Ant one quarter in arrears.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-958638","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=958638"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/958638\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=958638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=958638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=958638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}