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Jack Ma-Backed Ant's Profit Up 193% in Post-Crackdown Recovery

By Yahoo! Finance   |   Nov 15, 2024 at 07:15 AM EST
Jack Ma-Backed Ant's Profit Up 193% in Post-Crackdown Recovery

Ant Group's profit surged by 193% in the June quarter, marking a turnaround from a government crackdown. The fintech company's profit of 2.48 billion yuan contributed to Alibaba Group Holding Ltd., estimating a 7.5 billion yuan profit.

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