Let positive integers. The groups and $U_p(\b C)\times U_q(\b C) H_{p,q}:=M_{p,q}(\b C)\times \b RM_{p,q}(\b C)$ is the vector space of all complex -matrices. The associated orbit spaces may be identified with and respectively with the cone of positive semidefinite matrices and the Weyl chamber . In this paper we compute the associated convolutions on and explicitly depending on . Moreover, we extend these convolutions by analytic continuation to series of convolution structures for arbitrary parameters . This leads for to continuous series of noncommutative hypergroups on and commutative hypergroups on . In the latter case, we describe the dual space in terms of multivariate Laguerre and Bessel functions on and . In particular, we give a non-positive product formula for these Laguerre functions on . The paper extends the known case due to Koornwinder, Trimeche, and others as well as the group case with integers due to Faraut, Benson, Jenkins, Ratcliff, and others. Moreover, it is closely related to product formulas for multivariate Bessel and other hypergeometric functions of R"osler.

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