Alibaba Mulls $900M Purchase of Hong Kong Office: HKET

Alibaba is reportedly in talks to buy the upper 13 floors of One Causeway Bay in Hong Kong for about HK$7 billion (roughly $900 million). If true, this could be a significant pivot: from being a tenant in Hong Kong to a major property owner. This isn’t just about real estate. It signals Alibaba’s confidence in Hong Kong as a key hub. The deal comes as the tech giant navigates a more competitive, global landscape. We will explore why Alibaba might be making this move, how the Hong Kong property market is reacting, and what challenges lie ahead.