New World Development
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New World Development Company Limited is a Hong Kong–based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. T
Headquarters at New World Tower
Adrian Cheng
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Adrian Cheng Chi-kong is a Hong Kong billionaire businessman son of property developer Henry Cheng and grandson of Cheng Yu-tung. He is the former CEO and executive vice-chairman of the family company
New World Development
…Metropolis with CR Land. In 2024, NWD reported a HK$19.7 billion net loss for the year ended 30 June, the worst since the company was founded in 1970. Adrian Cheng Chi-Kong, the grandson of Cheng Yu-tung, was forced to step down as CEO in September. In December, NWD was kicked out of the Hang Seng Index (HSI). In the same…
Adrian Cheng, CEO and executive vice chairman, New World Development