Ant Group bets on overseas Alipay expansion to resuscitate profits

The news: Ant Group’s profit plunged 63% year over year (YoY) in the three months ending June 30, 2022, per Bloomberg. (Ant Group reports earnings a quarter behind most companies.) Performance changed dramatically from the same period last year, when profits increased an estimated 39% YoY.

Advertisements
Read the original article on Business Insider

Read More

Advertisements
Subscribe
Notify of
guest
0 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments