SHANGHAI, Nov 25 (Reuters) - China's Ant Group posted a

10.3% rise in net profit to 8.37 billion yuan ($1.18 billion) in

the three months to June 30, according to Reuters calculations

based on Alibaba Group Holdings' earnings released on

Tuesday.

The e-commerce giant reports profit from Ant one quarter in

arrears.

Both groups were co-founded by Chinese billionaire Jack Ma

and Alibaba ( BABA ) holds a 33% stake in Ant.

(Reporting by Casey Hall in Shanghai)