Commitment to Build Hong Kong Headquarters for International Expansion
Hong Kong, China, October 17, 2025 – Alibaba Group Holding Limited (“Alibaba”) and Ant Group Co., Ltd. (“Ant”) today announced that they have entered into an 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) for use as their Hong Kong headquarters. The acquisition is the largest office property transaction in Hong Kong since 2021.
This strategic investment by Alibaba and Ant is a recognition of Hong Kong’s status as an international business hub and global financial center, as well as its emerging role in developing innovative technologies. The two companies are committed to building on their long operating history in Hong Kong with an eye toward further international expansion.
Joe Tsai, Chairman of Alibaba Group, said: “Alibaba has always had a strong presence in Hong Kong since our inception in 1999. For a global technology company, the city offers professional talent, robust capital markets, an innovative culture and connectivity to the world. This landmark property acquisition reflects our confidence in Hong Kong’s economy and operating environment, and we see Hong Kong as an ideal home base for our international expansion.”
Eric Jing, Chairman of Ant Group, said: “Ant is actively participating in Hong Kong’s development as an innovation hub and an integral part of the Greater Bay Area economy. The city’s entrepreneurial culture and its connector role between China and global markets give us confidence to strengthen our presence in Hong Kong. Looking ahead, we will continue to increase our investment in the city, attract top global talent, and strengthen our local team. These efforts will support the execution of our globalization strategy and contribute to Hong Kong’s development as an international innovation and technology hub.”
Alibaba established its first finance and legal operations in Hong Kong in 1999, the year the company was founded. In 2005, Alibaba’s consumer e-commerce platform Taobao established operations to enable Hong Kong retailers and small businesses to sell to consumers in mainland China. Alibaba’s cloud computing business entered the Hong Kong market in 2014 with the establishment of its first data center in the city. In 2019, the New York Stock Exchange-listed Alibaba completed its secondary listing on the Hong Kong Stock Exchange, which was converted into a primary listing in 2024, marking the first Chinese technology company with a dual-primarylisting in both New York and Hong Kong.
Ant Group has had a long-established presence in Hong Kong. In 2017, collaborating with local partners, the company’s digital payments platform launched its local Hong Kong mobile wallet, AlipayHK, which drove widespread digital payments adoption serving more than 4.5 million active users. Recognizing Hong Kong’s emerging role as an innovation hub, Ant is exploring cooperation with local partners for industrial applications of advanced technologies such as AI and blockchain to further expand its strategic investment in the market. In April, Ant’s subsidiary, Ant Digital Technologies, was named a “Key Enterprise Partner” by the Hong Kong SAR Government and established its overseas headquarters in the city.
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About Alibaba Group
Alibaba Group is a global technology company focused on e-commerce and cloud computing. We enable merchants, brands and retailers to market, sell and engage with consumers by providing digital and logistics infrastructure, efficiency tools and vast marketing reach. We empower enterprises with our leading cloud infrastructure, services and work collaboration capabilities to facilitate their digital transformation and grow their businesses.
About Ant Group
Ant Group traces its roots back to Alipay, which was established in 2004 to create trust between online sellers and buyers. Over the years, Ant Group has grown to become one of the world's leading open Internet platforms. Through technological innovation, the company supports its partners in providing inclusive, convenient digital life and digital financial services to consumers and SMEs. In addition, the company has been introducing new technologies and products to support the digital transformation of industries and facilitate collaboration. Working together with global partners, Ant Group enables merchants and consumers to make and receive payments and remit around the world.
Media Contact
Alibaba Group
Cathy Yan
Phone:+852 9012 5806
E-mail: cathy.yan@alibaba-inc.com
Ivy Ke
Phone:+852 5590 9949
E-mail: ivy.ke@alibaba-inc.com
Ant Group
Le Shen
Phone: +86 571-2688-8888
E-mail: shenle.sl@antgroup.com
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