(Corrects first paragraph to say "affiliate", not "subsidiary")Aug 20 : Alibaba's financial affiliate Ant Group's quarterly profits rose 1 per cent year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters calculations from Alibaba's quarterly earnings report showed.

Aug 20 : Alibaba's financial subsidiary Ant Group's quarterly profits rose 1 per cent year-on-year to around 4.7 billion yuan ($698 million) in the quarter ending June 30, Reuters calculations from Alibaba's quarterly earnings report showed. The fintech giant has been attempting to pivot towards agentic comme