Alibaba and Ant Group have agreed to acquire office space at One Causeway Bay for HK$7.2 billion, establishing their headquarters in Hong Kong to support further international expansion.

Information on the Target

On October 17, 2025, Alibaba Group Holding Limited and Ant Group Co., Ltd. announced their agreement to acquire multiple office floors at One Causeway Bay from the Mandarin Oriental International Group for approximately HK$7.2 billion (US $925 million). This acquisition marks the largest office property transaction in Hong Kong since 2021 and is intended to serve as the Hong Kong headquarters for both companies.

This strategic investment underscores Alibaba and Ant Group’s long-standing commitment to Hong Kong as a global business hub and financial center. The companies aim to leverage Hong Kong's innovative landscape and talent pool to facilitate their international expansion efforts.

Industry Overview in Hong Kong

Hong Kong holds a prominent position as a leading international business center in Asia, known for its robust financial markets and a well-developed legal framework. Its geographic