BABA(US:BABA) 券商中国·2025-10-17 11:04Core 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, signaling confidence in Hong Kong's role as an international business hub and global financial center [2][3]. Group 1: International Business Expansion - Alibaba has been deeply engaged in the Hong Kong market since its establishment in 1999, viewing it as a base for international business expansion due to its professional talent pool, stable capital market, and innovative culture [3]. - Ant Group is actively participating in the construction of Hong Kong as an innovation hub and aims to attract top global talent while increasing its investment in the region [3][4]. - Both companies have established significant operations in Hong Kong over the years, with Alibaba launching its businesses there since 1999 and planning to transition to a primary listing in Hong Kong in 2024 [3]. Group 2: Recent Developments and Market Performance - Alibaba's stock price reached a four-year high of $192.67 per share in early October, reflecting positive market sentiment [5]. - Ant Group's AlipayHK has served over 4.5 million active users since its launch in 2017, indicating strong user engagement in Hong Kong [4]. - Alibaba Cloud is leading the AI cloud market in China with a 35.8% market share, and the overall AI cloud market is projected to grow significantly, reaching 193 billion RMB by 2030 [6].