Zheng Quan Shi Bao Wang·2025-10-17 11:37Core 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 Hong Kong, establishing headquarters for both companies [1] - The investment signals confidence in Hong Kong's status as an international business hub and global financial center, aiming to expand international operations from this base [1] Group 1: Alibaba Group - Alibaba has been active in the Hong Kong market since its establishment in 1999, with significant milestones including the launch of Taobao and Alibaba Cloud in 2005 and 2014 respectively [1] - The company completed a secondary listing on the Hong Kong Stock Exchange in 2019 and plans to transition to a primary listing in 2024, becoming the first Chinese tech company to be dual-listed in New York and Hong Kong [1] - Alibaba Cloud launched the "Hong Kong Technology Creates Future" initiative to enhance cloud infrastructure investment and AI technology support for local businesses [1] Group 2: Ant Group - Ant Group has been operating in Hong Kong for several years, launching AlipayHK in 2017, which now serves over 4.5 million active users [2] - The company is exploring the implementation of cutting-edge technologies such as artificial intelligence and blockchain in collaboration with local partners [2] - Ant Group's subsidiary, Ant Financial, became a "key enterprise partner" of the Hong Kong government, establishing its overseas headquarters in Hong Kong [2]