Ant Group quarterly profits rise 1% on year

A logo of Ant Group at its booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 10, 2025. REUTERS/Maxim Shemetov 20 Aug 2026 06:06PM Aug 20 : Alibaba's financial subsidiary Ant Group's quarterly profits rose 1 per cent year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters calculations from Alibaba's quarterly earnings report showed. The fintech giant has been attempting to pivot towards agentic commerce, digital health and embodied AI services in recent years, with its hugely popular AQ AI personal health app. It said in June that it spent a record $5.17 billion on AI R&D in 2025. Ant Group declined to comment on its earnings. Source: Reuters