财新英文

Ant Group Profits Plunge

2021年08月05日 17:27

T中

Decline of over 37% quarter-on-quarter comes as financial conglomerate required to comply with new microlending rules

Chinese fintech giant Ant Group Co. Ltd. saw its first-quarter profit drop 37.5% from the previous quarter, according to Caixin’s calculations, as it was required to comply with new rules on once-lucrative microlending and restructure its business.

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