SHANGHAI (Reuters) -Chinese financial technology firm Ant Group said on Monday that it has increased investment in research and development (R&D) for four consecutive years since 2021, reaching a record high of 23.45 billion yuan ($3.26 billion) in 2024. The company made the disclosure in its 2024 sustainability report. ($1 = 7.1661 Chinese yuan renminbi) […]
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China’s Ant Group invested $3.26 billion in R&D in 2024
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SHANGHAI (Reuters) -Chinese financial technology firm Ant Group said on Monday that it has increased investment in research and development (R&D) for four consecutive years since 2021, reaching a record high of 23.45 billion yuan ($3.26 billion) in 2024.
The company made the disclosure in its 2024 sustainability report.
($1 = 7.1661 Chinese yuan renminbi)
(Reporting by Brenda Goh; Editing by Christian Schmollinger)