JD.com to Buy Stake in Hong Kong’s CCB Tower for HK$3.5 Billion
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A 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.