Market Chatter: Alibaba Affiliate Ant's October-December 2024 Profit Slides 31%

MT Newswires Live

2025/05/16

Ant Group's net profit fell 31% year over year to about 5.3 billion yuan in the three months ended Dec. 31, Bloomberg News reported Thursday, citing calculations by the news agency based on Alibaba's (HKG:9988) earnings report.

Ant contributed 1.76 billion yuan in profit to Alibaba in the quarter, according to Bloomberg.

As Alibaba holds one-third of Ant's stake, Ant logged an estimated profit of 5.3 billion yuan, the report said.

Ant's earnings are one quarter behind Alibaba's, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823038988.USD","symbol_name":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2535367640","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535367640","pubTimestamp":1747390301,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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