{"id":116109,"date":"2020-05-06T19:15:12","date_gmt":"2020-05-06T12:15:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-acquires-50-per-cent-stake-in-singapores-axa-tower-home-to-its-lazada-e-commerce-unit\/"},"modified":"2020-05-06T20:06:44","modified_gmt":"2020-05-06T13:06:44","slug":"alibaba-acquires-50-per-cent-stake-in-singapores-axa-tower-home-to-its-lazada-e-commerce-unit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-acquires-50-per-cent-stake-in-singapores-axa-tower-home-to-its-lazada-e-commerce-unit\/","title":{"rendered":"Alibaba acquires 50 per cent stake in Singapore\u2019s AXA Tower, home to its Lazada e-commerce unit"},"content":{"rendered":"


\nChinese technology giant Alibaba Group Holding has acquired a 50 per cent stake in a 50-storey prime office tower in Singapore, in a deal that values the property at S$1.68 billion (US$1.2 billion).The stake in AXA Tower is being viewed as solidifying Alibaba\u2019s commitment to the city state. \u201cSingapore is an important market for Alibaba Group,\u201d a spokesman said. \u201cThis investment will help fulfil our projected business needs across the Alibaba digital economy, as we continue to strengthen\u2026
\n
\nSource : South China Morning Post
\nRead more…Alibaba acquires 50 per cent stake in Singapore\u2019s AXA Tower, home to its Lazada e-commerce unit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese technology giant Alibaba Group Holding has acquired a 50 per cent stake in a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116109","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ucJ","jetpack-related-posts":[{"id":68664,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-singapore-amazon-is-up-against-a-national-sport-and-alibaba\/","url_meta":{"origin":116109,"position":0},"title":"In Singapore, Amazon is up against a national sport and Alibaba","date":"October 10, 2017","format":false,"excerpt":"\r As Amazon.com Inc. pushes into Southeast Asia with a\u00a0new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago. Delivery delays also marred Amazon\u2019s debut in July, when on-the-ground operations began with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":166942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jd-coms-us450-billion-stake-in-hong-kong-central-tower-eases-lai-sun-debt-woes\/","url_meta":{"origin":116109,"position":1},"title":"JD.com\u2019s US$450 billion stake in Hong Kong Central tower eases Lai Sun debt woes","date":"December 10, 2025","format":false,"excerpt":"\r JD.com has agreed to acquire a stake in a major office tower in Hong Kong\u2019s Central district, mirroring a property move by its rival Alibaba Group Holding and offering a financial lift to the cash-strapped developer Lai Sun Development. Lai Sun Development and its parent Lai Sun Garment entered\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-singapores-office-rents-outprice-hong-kong-as-alibaba-bytedance-tencent-set-up-shop-in-rival-financial-hub\/","url_meta":{"origin":116109,"position":2},"title":"Can Singapore\u2019s office rents outprice Hong Kong as Alibaba, ByteDance, Tencent set up shop in rival financial hub?","date":"April 6, 2021","format":false,"excerpt":"\r Singapore\u2019s office rents have a long way to go before matching Hong Kong\u2019s, even after half a dozen of mainland China\u2019s largest technology behemoths piled into the city state in recent months to set up their regional hubs, analysts said.The average monthly rent for Singapore\u2019s grade A office space\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/big-ticket-commercial-deals-bolstered-property-investment-sales-in-q2\/","url_meta":{"origin":116109,"position":3},"title":"Big-ticket commercial deals bolstered property investment sales in Q2","date":"July 21, 2020","format":false,"excerpt":"\r While general activity within the real estate market was muted, several big-ticket commercial deals, totalling $1.4 billion, bolstered investment sales during the quarter. Singapore saw property investment sales drop 73.4% year-on-year to $1.7 billion in the second quarter of 2020 from $6.4 billion over the same period in 2019.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":162837,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/alibaba-ant-buy-hong-kong-offices-in-citys-biggest-deal-since-2021\/","url_meta":{"origin":116109,"position":4},"title":"Alibaba, Ant buy Hong Kong offices, in city\u2019s biggest deal since 2021","date":"October 17, 2025","format":false,"excerpt":"\r Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong\u2019s largest real estate transactions since 2021. Alibaba and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107713,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippine-and-chinese-investors-bet-on-manilas-warehousing-sector-amid-a-boom-in-household-consumption\/","url_meta":{"origin":116109,"position":5},"title":"Philippine and Chinese investors bet on Manila\u2019s warehousing sector amid a boom in household consumption","date":"June 3, 2019","format":false,"excerpt":"\r Logistics and warehousing in the Philippines is poised for some rapid growth as local and overseas investors take advantage of booming household consumption.Manila\u2019s improved relations with Beijing are also boosting investment in the sector from Chinese companies, including Alibaba Group Holding, the world\u2019s largest online trading platform.In October 2018,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116109"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116109"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116109\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}