Zheng Quan Ri Bao Zhi Sheng·2025-10-17 10:13Core Insights - Alibaba and Ant Group announced a joint investment of $925 million (approximately 6.6 billion) to acquire a 13-story commercial office building in Hong Kong, establishing their headquarters in the region [1] - The move signals confidence in Hong Kong's status as an international business hub and global financial center, aiming to expand international operations [1] - Alibaba has been active in Hong Kong since its inception in 1999, with significant milestones including a secondary listing on the Hong Kong Stock Exchange in 2019 and plans for a primary listing in 2024 [1] Group 1 - Alibaba's Chairman, Daniel Zhang, emphasized the importance of Hong Kong for talent, capital markets, and innovation, reflecting confidence in the local economy and business environment [1] - Ant Group's Chairman, Eric Jing, highlighted the company's commitment to contributing to Hong Kong's innovation hub and increasing investments to attract global talent [1] - Both companies have a long history in Hong Kong, with Alibaba's Taobao and Alibaba Cloud entering the market in 2005 and 2014, respectively [1] Group 2 - Ant Group has also been active in Hong Kong, launching AlipayHK in 2017, which now serves over 4.5 million active users [2] - The company is exploring the implementation of advanced technologies like AI and blockchain in collaboration with local partners, further increasing its strategic investments in Hong Kong [2] - In April 2023, Ant Group's Ant Financial became a "key enterprise partner" of the Hong Kong government, establishing its overseas headquarters in the region [2]