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Cheng Yu-tung Family

From Wikipedia, the free encyclopedia

The Cheng Yu-tung Family refers to a wealthy Hong Kong–based family best known for controlling Chow Tai Fook, via which it also owns New World Development and Rosewood Hotel Group, among other businesses.[1]

The businesses are currently being led by Adrian Cheng, the third-generation, and has been called by Citigroup research as being "brave and innovative" among other scions in Hong Kong.[2]

Notable family members

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  • Cheng Yu-tung (1925–2018); founder of Chow Tai Fook
    • Henry Cheng (b. 1946); chairman of New World Development
      • Adrian Cheng (b. 1979); CEO of New World Development
      • Sonia Cheng (b. 1980); CEO of Rosewood Hotel Group
      • Brian Cheng (b. 1982); co-CEO of NWS Holdings
      • Christopher Cheng (b. 1989); CEO of NWS Modern Logistics Limited
    • Peter Cheng (b. 1952)
      • Conroy Cheng (b. 1977)
      • Conrad Cheng (b. 1979)

Charity

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Since 2019, New World has been involved in donating land to build public housing in Hong Kong.[3]

Businesses

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References

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  1. ^ Shih, Toh Han (20 March 2015). "Third generation moving up at New World Development". SCMP. Retrieved 2 October 2021.
  2. ^ Sito, Peggy (14 November 2020). "New World's Harvard-educated scion upends Hong Kong developers' 'build and sell' business model as city sits at crossroads". SCMP.
  3. ^ Lam, Ka-sing (25 September 2019). "New World donates almost a fifth of its farmland reserves towards building public homes to ease Hong Kong's housing woes". SCMP.