Sou Hu Cai Jing·2025-10-17 10:40Core Insights - Alibaba Group and Ant Group announced a joint investment of $925 million (approximately 6.6 billion RMB) to acquire a 13-story commercial office building in Causeway Bay, Hong Kong, to establish their headquarters [1] - The companies aim to leverage the establishment of their Hong Kong headquarters to expand their international business and signal confidence in Hong Kong's role as a global business hub and financial center [1] - Alibaba has been operating in Hong Kong since its founding in 1999, with significant milestones including the launch of Taobao and Alibaba Cloud in 2005 and 2014, respectively, and a secondary listing on the Hong Kong Stock Exchange in 2019 [1] Company Strategy - The investment reflects a strategic move to enhance Alibaba and Ant Group's presence in Hong Kong, aligning with their broader international growth objectives [1] - Alibaba Cloud's "Hong Kong Technology Future" initiative, launched at the end of last year, indicates a commitment to increasing cloud infrastructure investment in Hong Kong and supporting local enterprises with AI technology and talent development [1] Market Position - The joint investment underscores the companies' positive outlook on Hong Kong's evolving role in the global technology innovation landscape [1] - The establishment of dual primary listings in New York and Hong Kong positions Alibaba as a unique player in the Chinese tech sector, enhancing its market visibility and access to capital [1]