Alibaba Group and Ant Group to acquire 301,555 sq. feet of One Causeway Bay from Mandarin Oriental for $925m.

Alibaba Group, a retailer and e-commerce company, and Ant Group, an open internet platform, agreed to acquire 301,555 sq. feet of One Causeway Bay, including the top thirteen floors, rooftop signage and 50 parking spaces, from Mandarin Oriental, an owner and operator of hotels, for $925m.