HYSAN DEV(HK:00014) 第一财经·2025-10-26 16:17Core Viewpoint - The article discusses the recent activities of Zhang Yong, former CEO of Alibaba, who has made a significant move by selling a residential unit in Hong Kong through his wholly-owned company, which is part of a broader capital recycling plan by Hysan Development [3][5]. Group 1: Company Activities - Hysan Development announced on October 24 that its subsidiary, Guangyun, agreed to sell a residential unit in Zhulin Garden for HKD 53.54 million, covering an area of approximately 2,084 square feet (about 193 square meters) [3][5]. - The Zhulin Garden project consists of six residential buildings with a total of 345 residential units and 436 parking spaces, located in a prime area of Hong Kong [3][5]. Group 2: Zhang Yong's Background and Recent Roles - Zhang Yong joined Alibaba in 2007 and held various key positions, including CFO and COO of Taobao, and later became the CEO of Alibaba in 2015 [5][6]. - He was instrumental in creating the Double Eleven shopping festival and led Alibaba's transition into the mobile era [5]. - After stepping down from Alibaba in September 2023, Zhang Yong was appointed as a managing partner at Chenyi Investment and later joined the Hong Kong Stock Exchange's China Business Advisory Committee [6].