JD.com's Richard Liu Spends HK$3.473 Billion on Hong Kong Property

Deep News12-10 20:52

Following Alibaba, JD.com is also accelerating its expansion into the Hong Kong market. Lai Sun International and Lai Sun Development jointly announced that Lai Sun Development has sold a 50% stake in a 27-story office building at No. 3 Connaught Road Central, Hong Kong, to independent third-party Jasmine Investment Development IV for approximately HK$3.473 billion. The seller is an investment holding company.

After verification, the buyer was confirmed to be an investment entity controlled by JD.com. A JD.com representative clarified that the acquisition is intended for self-use, stating, "JD.com remains optimistic about its development in Hong Kong and will continue investing in supply chains to integrate retail, logistics, and R&D businesses into the local market."

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