<?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>3</amendmentNo>
      <securitiesClassTitle>Ordinary Shares</securitiesClassTitle>
      <dateOfEvent>07/03/2025</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, Grand Cayman</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 Technologies (Hong Kong) Holding Limited</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>WC</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>K3</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>0.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Ant International (Cayman) Holding Limited</reportingPersonName>
        <memberOfGroup>b</memberOfGroup>
        <fundType>WC</fundType>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>E9</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>0.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>0</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
      </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. 3 (the "Amendment No. 3") 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 and Amendment No. 2 filed with the SEC on February 19, 2025 (as amended, the "Schedule 13D") relating 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:

Pursuant to the Tender and Support Agreement, on July 3, 2025, Ant International Technologies tendered all its Ordinary Shares and ceased to be the beneficial owner of any Ordinary Share.

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. 3 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. 3 are hereby incorporated by reference into this Item 5. As of the date hereof, the Reporting Persons do not beneficially own any Ordinary Shares of the Issuer.</percentageOfClassSecurities>
        <numberOfShares>See Item 5(a) above.</numberOfShares>
        <transactionDesc>Except as disclosed in the Schedule 13D, 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>As a result of the transactions described herein, as of July 3, 2025, each of the Reporting Persons ceased to be a beneficial owner of more than five percent of the Ordinary Shares of the Issuer. The filing of this Amendment No. 3 constitutes an exit filing for the Reporting Persons.</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. 3 is incorporated by reference in its entirety into this Item 6.</contractDescription>
      </item6>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Ant International Technologies (Hong Kong) Holding Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Richard LIN</signature>
          <title>Richard LIN / Director</title>
          <date>07/07/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Ant International (Cayman) Holding Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ JING Xiandong</signature>
          <title>JING Xiandong / Chairman</title>
          <date>07/07/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
