Adrian Cheng – Charm

HONG KONG, CHINA - NOVEMBER 12: Adrian Cheng makes a toast during dinner after the opening ceremony of Festival de Cannes Film Week in Asia at on November 12, 2019 in Hong Kong, China. (Photo by Chung Sung-Jun/Getty Images for Festival de Cannes Film Week in Asia)

Hong Kong’s Adrian Cheng Pivots to Web3 and ‘Immersive Experiences’

Cs news6 months ago05 mins

One year after Adrian Cheng resigned as CEO of his family’s Hong Kong property firm, New World Development Co., the mega-collector has announced his next venture: ALMAD Group. The details of the new business are predictably fuzzy. The announcement reads like Cheng, who will serve as founder and executive chairman, filled out a tech-investment Mad…

Hong Kong’s New World Development Tumbles On Bond Payment Delays Amid Debt Troubles

Cs news9 months ago05 mins

New World Development’s K11 Musea shopping mall, part of the company’s flagship Victoria Dockside development in Hong Kong’s Tsim Sha Tsui district. Paul Yeung/Bloomberg Shares of New World Development, controlled by Hong Kong’s billionaire Cheng family, dropped almost 6.5% on Monday after the debt-laden property developer deferred interest payments on several bonds, deepening investor concerns…