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flag JD.com buys half of Hong Kong’s CCB Tower for $450 million amid real estate downturn.

flag JD.com has agreed to buy a 50% stake in Hong Kong’s CCB Tower, a 27-story office building in the city’s financial district, for HK$3.5 billion ($450 million) from Lai Sun Development. flag The purchase, made through a British Virgin Islands-based subsidiary, marks JD.com’s expansion into commercial real estate in Hong Kong amid a property market downturn. flag The deal reflects a growing trend of Chinese tech firms acquiring discounted office assets as developers seek liquidity. flag Lai Sun plans to sell about HK$8 billion in assets over the next two years. flag The transaction follows similar moves by Alibaba and Ant Group. flag Regulatory approval and closing details remain pending.

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