Ant Group quarterly profits rise 1% on year

Alibaba's financial affiliate Ant Group reported a 1% increase in quarterly profits, reaching approximately 4.7 billion yuan ($698 million) for the period ending June 30. The company, which has been focusing on agentic commerce, digital health, and embodied AI services, disclosed its strong performance in a recent earnings report. In June, Ant Group disclosed that it had invested a record $5.17 billion in AI research and development during 2025. The fintech giant did not provide any further comment on its earnings.