Alibaba Mulls Buying HK Office for $900 Million, HKET Says

Alibaba Group Holding Ltd. is in talks to buy the upper 13 floors of One Causeway Bay in Hong Kong, in a deal worth about HK$7 billion ($900 million), the Hong Kong Economic Times reported.

The Chinese tech giant and its affiliates are currently leasing 10 floors at Times Square in Causeway Bay, with their tenancy set to expire in 2028, the newspaper said, citing unidentified people.