Housing · 11 November 2025
Alibaba Co-founder’s Wife Acquires Belgravia Mansion Formerly Italian Embassy for £19.5 Million
Rico Shen via Wikimedia Commons (CC BY-SA 4.0)
Cathy Ying Zhang, spouse of Jack Ma—the co-founder of Alibaba Group—has added to the family’s overseas real-estate portfolio by purchasing a Grade II-listed Belgravia townhouse in London, formerly the Italian embassy, for roughly £19.5 million. The autumn 2024 transaction was logged in Land Registry records and emphasises the increasing appetite among high-net-worth Chinese families for prime London property.
Reported by Financial Times · How we write briefs