Morningstar

JD.com to Buy Hong Kong Office Building for HK$3.5 Billion

Provided by Dow Jones

By Tracy Qu 




  Chinese e-commerce giant JD.com has agreed to purchase a 50% stake in Hong Kong's CCB Tower from Lai Sun Development for 3.5 billion Hong Kong dollar, equivalent to $449.74 million. 



  The news was first announced in a filing by Hong Kong-based Lai Sun Development to Hong Kong Stock Exchange on Tuesday. JD.com confirmed it is the buyer on Wednesday. 



  CCB Tower is a 27-storey office in city center of the Asia's financial hub. 



  The deal will bring an estimated net cash inflow of about HK$2.4 billion cash flow to Lai Sun Development, which will help it to reduce borrowings and strengthen its financial position, according to the filing. 



  "JD.com remains confident about its business prospects in Hong Kong," the e-commerce company said in a statement. 



  The deal is expected to be completed in January, filing shows. JD.com will use the building as its offices, according to a person familiar with the matter. 



  Shares of Lai Sun was flat in afternoon trading, while JD.com dropped 0.6%. That compared with a 0.2% loss for the benchmark Hang Seng Index. 



  The news comes after Alibaba Group, along with its fintech affiliate Ant Group agreed to acquire the top floors of an office tower in a prime Hong Kong district for about $925 million as part of their global expansion plan. 





  Write to Tracy Qu at tracy.qu@wsj.com 





  (END) Dow Jones Newswires



  December 10, 2025 01:57 ET (06:57 GMT)


Copyright (c) 2025 Dow Jones & Company, Inc.
  

					The articles, information, and content displayed on this webpage may
					include materials prepared and provided by third parties. Such
					third-party content is offered for informational purposes only and
					is not endorsed, reviewed, or verified by Morningstar.
				
 

					Morningstar makes no representations or warranties regarding the
					accuracy, completeness, timeliness, or reliability of any third-party
					content displayed on this site. The views and opinions expressed in
					third-party content are those of the respective authors and do not
					necessarily reflect the views of Morningstar, its affiliates, or employees.
				
 

					Morningstar is not responsible for any errors, omissions, or delays
					in this content, nor for any actions taken in reliance thereon.
					Users are advised to exercise their own judgment and seek independent
					financial advice before making any decisions based on such content.
					The third-party providers of this content are not affiliated with
					Morningstar, and their inclusion on this site does not imply any
					form of partnership, agency, or endorsement.
				
 

				Popular
				
 
  
 
 
 
 
3 Stocks to Sell and 3 Stocks to Buy for November
 
Plus, whether Microsoft, Alphabet, or Amphenol look attractive after earnings.  
 
 
David Sekera, CFA and Sarah Hansen 
 
 
 
This Once-Hot AI Stock Now Looks Deeply Undervalued
 
This chip stock looks cheap at a 30% discount, and its biggest growth years could still be ahead. 
 
 
William Kerwin, CFA 
 
 
 
The 10 Best Companies to Invest in Now
 
The stocks of these high-quality companies look cheap today. 
 
 
Tori Brovet 
 
 
 
He Tried Shorting Jim Cramer’s Stock Picks. It Cost Him More Than Money
 
Historian Joseph Moore explores why a promising product can fail as an investment and why beating the market may not be worth the effort. 
 
 
Christine Benz and Amy C. Arnott, CFA 
 
 
 
Tech Stocks Sell Off as Intel, Amazon Earnings Spook Investors
 
Underwhelming results have added to investor worries about AI spending. 
 
 
Vicky McKeever 
 
 
 
 

			Sponsor Center