New World Development
Hong Kong-based company / From Wikipedia, the free encyclopedia
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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 (SEHK: 17) since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index.[1]
Company type | Public Company |
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| |
Industry | conglomerate |
Founded | 29 May 1970 |
Founder | Cheng Yu-tung |
Headquarters | New World Tower [zh] Central, Hong Kong |
Key people | Henry Cheng (Chairman & Executive Director) Adrian Cheng(Executive Vice-chairman and General Manager) |
Products | Real property, Hotel, Infrastructure and Services, General merchandise |
Revenue | HK $59,6 billion (as of financial year 2016) |
Owner | Chow Tai Fook Enterprises Limited |
Number of employees | About 50,000 people (as of financial year 2014) |
Subsidiaries | |
Website | www |
New World Development | |||||||||||
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Traditional Chinese | 新世界發展有限公司 | ||||||||||
Simplified Chinese | 新世界发展有限公司 | ||||||||||
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Over the last four decades, the group has also actively participated in various businesses in Mainland China and established itself as one of the largest foreign direct investors in the country. The group's existing investments in Mainland China has exceeded US$16.5 billion, spreading across four municipalities and over 19 provinces.[1]