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New World Development Company Limited (NWD), 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. The company is publicly listed on the Stock Exchange of Hong Kong Limited since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index.
Cheng Yu-tung GBM was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, Macau, United States, Australia and other areas. He was considered to be Hong Kong's third richest man at the time of his death.
Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development and subsidiary Chow Tai Fook Jewellery Group Limited. As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion.
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New World China Land Limited is a wholly owned subsidiary of Hong Kong-based conglomerate New World Development, itself part of Chow Tai Fook group. New World China Land was spin off from New World Development in 1999 as a separate listed company. However, it was privatized again by New World Development in 2016. New World China Land is headquartered in 9/F, New World Tower 1, on 8 Queen's Road Central, Hong Kong Island.
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Adrian Cheng Chi-kong is a Hong Kong entrepreneur and business executive. He is the CEO and executive vice-chairman of the Hong Kong-listed New World Development, the heir and executive director of jewelry company Chow Tai Fook, and the owner of Rosewood Hong Kong Hotel. He is also the founder of K11, which has a portfolio of commercial, cultural and residential projects. He is the son of property developer Henry Cheng and grandson of Cheng Yu-tung.
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Rosewood Hotel Group, also known for its former trading names New World Hotel Group, New World Hospitality and legal names New World Hotel Management (BVI) Limited, New World Hotel Management Limited is a Hong Kong-based multi-national hotel management group and the parent company of Rosewood Hotels & Resorts. The company is incorporated in the British Virgin Islands as an offshore company. As of 2016, Rosewood Hotel Group was owned by Chow Tai Fook Enterprises, having acquired Rosewood Hotel Group in 2015 from Chow Tai Fook Enterprises' listed associate company New World China Land for HK$1.96 billion.
New World Hotels (Holdings) Limited, formerly known as Kai Tak Land Investment Limited, is a former Hong Kong-listed company and currently a wholly owned subsidiary of New World Development.
Domio was an apartment-hotel rental service catering to group travelers. It is headquartered in New York City and has locations in several cities in the United States. The company leased parts of residential buildings, furnished the units, and then rented them to travelers.
Sonia Cheng Chi-Man is a Hong Kong business executive. She is the CEO of Rosewood Hotel Group and the executive director of the New World Development. She is also the vice-chairman of Chow Tai Fook Jewellery Group. She was also appointed as an independent non-executive director of The Hongkong and Shanghai Banking Corporation and a director of Primavera Capital Acquisition Corporation. She is the daughter of Hong Kong property developer Henry Cheng and granddaughter of real estate and jewelry billionaire Cheng Yu-tung.
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References
- 1 2 Samaha, Barry (2017-07-23). "Flont Is Changing How to Buy Fine Jewelry Online". Forbes Magazine.
- ↑ "Flont Dresses San Francisco Society in Style". Vogue. 2017-04-13.
- 1 2 3 Davis, Ashley (2017-10-13). "Jewelry as a Service Start-Up Raises $5M". National Jeweler.
- ↑ Chen, Cathleen (2018-05-23). "Adrian Cheng Plans China Rollout for Flont, Moda Operandi". Business of Fashion.
- ↑ Rapp, Jessica (2018-11-12). "What Adrian Cheng's New Investments Tell Us About Chinese Millennials". Jing Daily.
- ↑ Roxanne Robinson (4 July 2022). "Jewelry Borrowing Is Back in Style". NYTimes.
- ↑ "Flont Closes $2m Seed Funding Round". FinSMEs.com. 2017-03-14.
