Alibaba Group and Ant Group have finalized the acquisition of assets at the One Causeway Bay building in Hong Kong. The deal, first announced on October 17, 2025, involved the purchase of the top thirteen floors, rooftop signage, and 50 parking spaces.
Mandarin Oriental International Limited sold the property and confirmed it has received the proceeds from the sale.
For Alibaba, the purchase represents a significant real estate investment in a prime location.
The finalization of this property sale fulfills a condition for the separate, ongoing acquisition of Mandarin Oriental by Jardine Matheson Holdings Limited. Available reports noted no significant market reaction to the news.