Alibaba Shares Cap a Remarkable Year with Strategic Momentum

As markets prepare to reopen following the New Year’s holiday closures in New York and Hong Kong, investor focus turns to Alibaba’s robust annual performance and a recently finalized strategic acquisition.

On December 31, Alibaba, alongside Ant Group, completed the acquisition of a significant portion of the One Causeway Bay office tower in Hong Kong. The transaction, initially announced in October, has now met all conditions, allowing for integration into the company’s regional framework.

The purchase includes the top 13 floors of the building, associated rooftop advertising rights, and 50 parking spaces. This move into a key financial hub bolsters the company’s physical asset portfolio and strengthens its Read more...