The Headlines – Ant Group’s profit surge 193% in post-crackdown recovery

Ant Group witnessed a remarkable 193% profit surge in the June quarter, rebounding from a previous decline attributed to regulatory constraints. The company’s resurgence contributed significantly to Alibaba’s profits, reaching an estimated 7.5 billion yuan. This turnaround follows strategic restructuring and global expansion efforts by Ant Group, including securing substantial loans and venturing into blockchain and AI technologies.

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