Zhi Tong Cai Jing·2025-10-17 10:57Core Insights - Alibaba and Ant Group announced a joint investment of $925 million (approximately HKD 7.2 billion) to acquire a 13-story commercial office building in Causeway Bay, Hong Kong, marking the largest office transaction in Hong Kong since 2021 [1] Group 1: Strategic Investment - The acquisition reflects both companies' recognition of Hong Kong as an international business hub and global financial center, as well as their optimism about Hong Kong's role in promoting innovation and technology development [1] - Alibaba's Chairman, Joe Tsai, emphasized the company's long-standing commitment to the Hong Kong market since its establishment in 1999, highlighting the region's professional talent pool, robust capital markets, and innovative culture [1] - Ant Group's Chairman, Eric Jing, stated that the company is actively participating in the construction of Hong Kong as an innovation hub and is deeply integrating into the Greater Bay Area's development [1] Group 2: Future Outlook - Both companies expressed confidence in continuing to invest in Hong Kong, aiming to attract top global talent and strengthen local teams [1] - The strategic moves are intended to support Ant Group's global strategy and contribute to Hong Kong's development as an international innovation and technology center [1]