JD.com to Buy Stake in Hong Kong’s CCB Tower for HK$3.5 Billion

A unit of Chinese e-commerce giant JD.com Inc. has agreed to purchase a 50% stake in Hong Kong’s CCB Tower for HK$3.5 billion ($450 million) from Lai Sun Development Co.

Hong Kong-based Lai Sun Development entered into an agreement to sell the stake in the 27-story office tower to Jasmine Investment Development IV Ltd., a company incorporated in the British Virgin Islands, according to a statement on Tuesday night.