HANGZHOU, China–(BUSINESS WIRE)–Ant Group (or the “Company”) today released its 2022 Sustainability Report, highlighting progress made in implementing its Environmental, Social and Governance (ESG) strategy throughout 2022.
In the technological innovation field, Ant Group invested RMB 20.46 billion (approx. USD 2.89 billion) in research and development (R&D) in 2022, effectively doubling the company’s annual R&D spending in comparison to 2019. These investments were primarily allocated to innovations in key areas such as distributed databases and computing infrastructure, blockchain, privacy computing, data and network security, green computing, and artificial intelligence.
„Since our inception, we have been committed to harnessing technological innovation to tackle real-world challenges faced by communities. We believe that creating both commercial value and social value is key to driving our sustainable growth.” Eric Jing, Chairman & CEO of Ant Group, wrote in
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