<p>Shanghai: <a href="https://www.deccanherald.com/tags/china">China</a>'s <a href="https://www.deccanherald.com/tags/ant-group">Ant Group</a> posted a 19 per cent fall in net profit of 7.87 billion yuan ($1.09 billion) in the three months to December 31, according to Reuters calculations based on Alibaba Group Holding's earnings released on Tuesday.</p>.<p>The e-commerce giant reports profit from Ant one quarter in arrears.</p>.China's Ant Group appoints new president in biggest reshuffle since regulatory revamp.<p>Chinese authorities last July announced a fine of 7.12 billion yuan for Ant Group for violating laws concerning consumer protection and corporate governance, ending a years-long regulatory overhaul of the fintech company.</p>.<p>Both groups were co-founded by Chinese billionaire Jack Ma and Alibaba holds a 33 per cent stake in Ant.</p>
<p>Shanghai: <a href="https://www.deccanherald.com/tags/china">China</a>'s <a href="https://www.deccanherald.com/tags/ant-group">Ant Group</a> posted a 19 per cent fall in net profit of 7.87 billion yuan ($1.09 billion) in the three months to December 31, according to Reuters calculations based on Alibaba Group Holding's earnings released on Tuesday.</p>.<p>The e-commerce giant reports profit from Ant one quarter in arrears.</p>.China's Ant Group appoints new president in biggest reshuffle since regulatory revamp.<p>Chinese authorities last July announced a fine of 7.12 billion yuan for Ant Group for violating laws concerning consumer protection and corporate governance, ending a years-long regulatory overhaul of the fintech company.</p>.<p>Both groups were co-founded by Chinese billionaire Jack Ma and Alibaba holds a 33 per cent stake in Ant.</p>