SHANGHAI (Reuters) – China’s Ant Group on Thursday made net profit of 3.05 billion yuan ($442.13 million) in the three months to Sept. 30, down 82.7% from a year earlier, according to Reuters calculations from Alibaba Group Holding’s earnings report.
The e-commerce giant reports profit from Ant one quarter in arrears.
($1 = 6.8985 Chinese yuan renminbi)
(Reporting by Josh Horwitz; Editing by David Goodman)