Data show that from January to March this year, Alibaba Group Holding Ltd Group's investment income from Ant Group was 4.494 billion yuan, down from 7.182 billion yuan in the fourth quarter of 2020. In this regard, Southwest Securities overseas chief analyst Chen Zimin said that this is mainly affected by seasonal factors and the implementation of rectification measures. As Alibaba Group Holding Ltd Group delayed the recognition of investment profit and loss by one quarter, the financial report showed that the investment income from Ant Group actually came from the January-March quarter of this year. This data shows that the net profit of Ant Group, which is in the period of reform, decreased in the first quarter compared with the previous quarter.
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蚂蚁集团一季度净利润环比下降 分析师:落实整改影响财务表现
The net profit of Ant Group declined in the first quarter compared with the previous quarter. Analyst: the implementation of rectification affects financial performance.
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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