JD.com is investing HK$3.5 billion ($450 million) for a 50% stake in a prime Hong Kong office tower, reports Caixin. The Chinese mainland tech giant seeks to tap the city’s commercial real estate sector as signs of a market rebound begin to emerge.
The e-commerce company is purchasing the stake in the China Construction Bank Tower—located in the Central business district—from Lai Sun Development. The transaction is subject to regulatory approvals and is expected to close in January 2026.
The transaction covers nearly 11,202 square meters of office space in the 27-story building, which was completed in 2012 and sits atop a subway hub.