<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: ANT INTERNATIONAL (CAYMAN) HOLDING LTD -->
          <cik>0002017279</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Ordinary Shares</securitiesClassTitle>
      <dateOfEvent>02/16/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001799983</issuerCIK>
        <issuerCUSIP>H33700107</issuerCUSIP>
        <issuerName>Global Blue Group Holding AG</issuerName>
        <address>
          <com:street1>ZURICHSTRASSE 38, 8306 BRUTTISELLEN</com:street1>
          <com:city>BRUTTISELLEN</com:city>
          <com:stateOrCountry>V8</com:stateOrCountry>
          <com:zipCode>8306</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>XU Xian</personName>
          <personPhoneNum>(65) 6022 2770</personPhoneNum>
          <personAddress>
            <com:street1>Walkers Corporate Limited,</com:street1>
            <com:street2>190 Elgin Avenue</com:street2>
            <com:city>George Town</com:city>
            <com:stateOrCountry>E9</com:stateOrCountry>
            <com:zipCode>KY1-9008</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002017279</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Ant International (Cayman) Holding Limited</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>WC</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>E9</citizenshipOrOrganization>
        <soleVotingPower>12500000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>12500000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>12500000.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.3</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>The beneficial ownership reported herein represents 12,500,000 Ordinary Shares. See Item 5. This percentage is calculated based upon 199,871,325 Ordinary Shares issued and outstanding as of September 30, 2024, as reported in the Issuer's Form 6-K dated November 22, 2024. See Item 5.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Ant International Technologies (Hong Kong) Holding Limited</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>WC</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K3</citizenshipOrOrganization>
        <soleVotingPower>12500000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>12500000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>12500000.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.3</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>The beneficial ownership reported herein represents 12,500,000 Ordinary Shares. See Item 5. This percentage is calculated based upon 199,871,325 Ordinary Shares issued and outstanding as of September 30, 2024, as reported in the Issuer's Form 6-K dated November 22, 2024. See Item 5.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Ordinary Shares</securityTitle>
        <issuerName>Global Blue Group Holding AG</issuerName>
        <issuerPrincipalAddress>
          <com:street1>ZURICHSTRASSE 38, 8306 BRUTTISELLEN</com:street1>
          <com:city>BRUTTISELLEN</com:city>
          <com:stateOrCountry>V8</com:stateOrCountry>
          <com:zipCode>8306</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This Amendment No. 2 (the "Amendment No. 2") to Schedule 13D amends and supplements the statements on Schedule 13D originally filed with the SEC on December 5, 2024 (the "Original Schedule 13D"), as amended by Amendment No. 1 filed with the SEC on December 31, 2024 (as amended, the "Schedule 13D") relates to the ordinary shares (the "Ordinary Shares") of the Issuer. The Items herein amend the information disclosed under the corresponding Items of the Schedule 13D as described herein. Except as set forth herein, the Schedule 13D is unmodified and remains in full force and effect. Each capitalized term used but not defined herein has the meaning ascribed to such term in the Schedule 13D.</commentText>
      </item1>
      <item4>
        <transactionPurpose>Item 4 of the Schedule 13D is hereby amended by inserting the following information after the second paragraph of item 4:

On February 16, 2025, Shift4 Payments, Inc. ("Shift4") and Ant International Technologies entered into a Tender and Support Agreement ("Tender and Support Agreement"), pursuant to which Ant International Technologies has agreed not to transfer any of its Ordinary Shares and to tender its Ordinary Shares in an offer as described in the Tender and Support Agreement for certain consideration.

On February 16, 2025, Shift4 and Ant International Technologies (Singapore) Holding Pte. Ltd. ("Ant International Technologies (Singapore)"), an affiliate of Ant International Technologies, entered into a Subscription Agreement, pursuant to which Ant International Technologies (Singapore) has agreed to use a portion of the proceeds received by Ant International Technologies to acquire shares in Shift4.

Item 4 of the Schedule 13D is hereby amended by inserting the following information at the end of item 4:

The information set forth or incorporated in Item 5 of this Amendment No. 2 is incorporated by reference in its entirety into this Item 4.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

The responses of each Reporting Person to rows 7, 8, 9, 10, 11 and 13 of the cover pages of this Amendment No. 2 are hereby incorporated by reference into this Item 5.</percentageOfClassSecurities>
        <numberOfShares>See Item 5(a) above.</numberOfShares>
        <transactionDesc>Except as disclosed in the Schedule 13D and this Amendment No. 2, none of the Reporting Persons nor, to the best of their knowledge, any of the persons listed in Annex A to Original Schedule 13D, has effected any transactions relating to the Ordinary Shares during the past 60 days.</transactionDesc>
        <listOfShareholders>Not applicable.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>Item 6 of the Schedule 13D is hereby amended by inserting the following information at the end of item 6:

The information set forth or incorporated in Item 4 of this Amendment No. 2 is incorporated by reference in its entirety into this Item 6.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Item 7 of the Original Schedule 13D is hereby amended and supplemented by the following:

D. Tender and Support Agreement</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Ant International (Cayman) Holding Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ JING Xiandong</signature>
          <title>JING Xiandong / Chairman</title>
          <date>02/19/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Ant International Technologies (Hong Kong) Holding Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Richard LIN</signature>
          <title>Richard LIN / Director</title>
          <date>02/19/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

</edgarSubmission>
