Ant Group quarterly profit rises 17.5% YoY in Q1

Ant Group quarterly profit rises 17.5% YoY in Q1

FILE PHOTO: A sign of Antchain, the blockchain technology branch under Ant Group, is seen at Ant Group's booth during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 8, 2021. REUTERS/Yilei Sun/File Photo

China’s Ant Group made a net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations from Alibaba Group Holding’s earnings report released Thursday.

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