Future Finance
Jack Ma’s Ant Made About $2 Billion Profit in December Quarter
- Chinese e-commerce giant Alibaba owns 33% of Ant Financial
- Ant is open to IPO without setting a timeline, destination
A reception counter in the lobby of the Ant Financial headquarters in Hangzhou, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Billionaire Jack Ma’s Ant Group generated about $2 billion of profit in the December quarter, underpinned by its push to help Chinese lenders dole out money to the country’s under-banked consumers.