Sou Hu Cai Jing·2025-10-19 00:41Group 1 - Alibaba Group and Ant Group announced a joint agreement to acquire multiple commercial office buildings in One Causeway Bay, Hong Kong for approximately HKD 7.2 billion (equivalent to USD 925 million), marking the largest single office transaction in Hong Kong since 2021 [1] - Alibaba's history in Hong Kong dates back to 1999 when it established its first financial and legal department, followed by the launch of its retail platform Taobao in 2005, and the entry of its cloud computing business in 2014 [3] - Ant Group has also maintained a strong presence in Hong Kong, launching AlipayHK in 2017, which currently serves over 4.5 million active users, and establishing its overseas headquarters in Hong Kong in April 2023 [3] Group 2 - As of the last trading day, Alibaba's stock price fell by 4.22% to HKD 154.4, with a total market capitalization of approximately HKD 2.95 trillion; however, the stock has seen a cumulative increase of over 90% year-to-date [5]