The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo

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SHANGHAI, Aug 4 (Reuters) – China’s Ant Group on Wednesday logged net profit of 11.38 billion yuan ($1.68 billion) in the quarter to March, down 17.3% from a year earlier, according to Reuters calculations from Alibaba Group Holding Ltd’s (9988.HK), earnings report.

The e-commerce giant reports its profit from Ant one quarter in arrears.

($1 = 6.7558 Chinese yuan renminbi)

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Reporting by Josh Horwitz; Editing by Jan Harvey

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