JD.com, Chinese state firms swoop into Hong Kong's border megaproject

Property$130m Northern Metropolis tender highlights mainland role, tests new development modelAn aerial view shows a construction site for a rail station at Hung Shui Kiu on Aug. 5, part of Hong Kong's Northern Metropolis development plan. (China News Service/VCG via Getty Images) LORRETTA CHENAugust 25, 2026 16:57 JSTHONG KONG -- A consortium of six companies including e-commerce giant JD.com and Chinese state-owned enterprises has won the first government land sale in Hong Kong's Northern Metropolis, underscoring the role of mainland capital in the city's ambitious project.