07:13 AM EDT, 10/17/2025 (MT Newswires) -- Alibaba ( BABA ) and Ant Group have agreed to acquire 13 floors of office space in Hong Kong from Mandarin Oriental International for $925 million, Mandarin Oriental said Friday in a regulatory filing with the UK's Financial Conduct Authority.

The deal includes the top 13 floors of One Causeway Bay, along with rooftop signage and 50 parking spaces, the company said.

The transaction is expected to close on Dec. 31.