R&D Investment Tops 23 Billion Yuan
According to the company’s newly released 2024 sustainability report, Ant Group’s R&D investment reached 23.45 billion yuan (approximately $3.26 billion) for the year. The figure marks the highest annual R&D spending in the firm’s history and underscores its commitment to technological innovation and long-term growth.
Sustained Growth in Innovation Efforts
Ant Group noted that the consistent rise in R&D investment since 2021 aligns with its strategic focus on enhancing financial technology capabilities, supporting sustainable development goals, and meeting evolving market demands.
The company’s sustainability report highlights these efforts as part of its broader vision to strengthen digital infrastructure and services in China and globally.