After Chinese regulators halted its IPO, Alibaba's Ant Group reports Q1 profit fell to $2.1B, down 37% from the previous quarter (Lulu Yilun Chen/Bloomberg)
After Chinese regulators halted its IPO, Alibaba's Ant Group reports Q1 profit fell to $2.1B, down 37% from the previous quarter (Lulu Yilun Chen/Bloomberg) https://bit.ly/3Cbtcvi
Lulu Yilun Chen / Bloomberg:
After Chinese regulators halted its IPO, Alibaba's Ant Group reports Q1 profit fell to $2.1B, down 37% from the previous quarter — Ant Group Co.'s profit fell to $2.1 billion in the March quarter after Chinese regulators thwarted its record initial public offering and told it to overhaul its sprawling operation.
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