Ant Group’s profit surge 193% in post-crackdown recovery – Times of India
Ant Group’s profit in June quarter surged 193%, marking a turnaround from its previous year’s decline following governmental restrictions. It reached approximately 7.5 billion as calculated by Bloomberg, based on Alibaba’s one-third ownership.Earlier, the company witnessed a 10% decline in the previous quarter. The Hangzhou-based fintech company contributed 2.48 billion yuan ($343 million) to Alibaba…