Ant Group Global Unit Brings in $3 Billion Ahead of Spinoff

Jack Ma-backed Ant Group Co.’s international division generated nearly $3 billion in revenue for 2024, according to people familiar with the matter, setting the stage for a spinoff after the unit set up its own board last year.

Ant International, which is headquartered in Singapore, has also produced two consecutive years of adjusted profit, the people said, requesting not to be named because the information isn’t public.