Zheng Quan Shi Bao·2025-10-17 12:17Core Viewpoint - 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 their headquarters in the city, signaling confidence in Hong Kong's role as an international business hub and global financial center [2] Group 1: Investment and Expansion - The investment aims to leverage Hong Kong as a base for further international business expansion [2] - Alibaba has been operating in Hong Kong since its inception in 1999, with significant milestones including the launch of Taobao and Alibaba Cloud in 2005 and 2014 respectively [2] - Ant Group has also been active in Hong Kong, launching AlipayHK in 2017, which now serves over 4.5 million active users [3] Group 2: Strategic Goals - Alibaba's chairman expressed that the acquisition reflects confidence in Hong Kong's economy and business environment, aiming to use the city as a hub for global operations [2] - Ant Group's chairman highlighted the company's commitment to contributing to Hong Kong's development as an international innovation and technology center [2] - Both companies plan to increase investments in Hong Kong to attract top global talent and strengthen local teams [2][3]