New World Development Company Limited

New World Development Company Limited operates as a Hong Kong-based conglomerate, primarily focused on property development and investment. Its expansive operations include hotels, infrastructure, and services like retail and convention centers. This diversified approach contributes to urban and economic development, delivering integrated projects across residential, commercial, and public assets.

The company was founded on May 29, 1970, by Dr. Cheng Yu-tung, a notable Hong Kong entrepreneur. Dr. Cheng established New World Development to capitalize on opportunities in Hong Kong's property market, utilizing his significant business acumen. This foundational strategy enabled the company's rapid expansion and diversification into multiple, complementary sectors.

New World Development serves a broad client base, from consumers to corporate and public sector partners. Its vision involves creating vibrant, integrated communities and sustainable urban ecosystems across Hong Kong and Mainland China. The company consistently pursues strategic investments aimed at enhancing quality of life and contributing to regional long-term prosperity.