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The Pao-Cheng family, through The World-Wide Investment Company Limited (WWICL), operates a family office focused on patient, long-term capital deployment. As one of Hong Kong's oldest family offices, WWICL pursues strategic investments for sustainable growth. Its joint venture, Nuo Capital, develops and internationalizes medium-sized Italian companies, particularly in luxury design and manufacturing.
This investment legacy began with Sir Yue-Kong Pao, who founded WWICL in 1960. Moving to Hong Kong in 1949, Sir Y.K. Pao built the Worldwide Shipping Group into the world's largest by 1979, pioneering innovative long-term chartering. His grandson, Stephen Cheng, now leads the family office, upholding its intergenerational investment philosophy.
The Pao-Cheng family's entities strategically grow capital and empower portfolio companies. Their vision prioritizes cultivating businesses in niche markets through an entrepreneurial approach. This strategy aims to propel global development for investments, leveraging multi-generational expertise for enduring value and impact.
Hong Kong PAO \u2013 Cheng family has 1 tracked investment across 1 company. The latest tracked deal is $5.0M Series A in Artemest in March 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 1, 2018 | Artemest | $5.0M Series A | NUO Capital | CDP Venture Capital, Bagheera Holding, IAG Capital Partners |