New World Development

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.

New World Development Company Limited
新世界發展有限公司
Company typePublic Company
Industryconglomerate
Founded29 May 1970 
FounderCheng Yu-tung
HeadquartersNew World Tower
Central, Hong Kong
Key people
Henry Cheng (Chairman & Executive Director)
Adrian Cheng(Executive Vice-chairman and General Manager)
ProductsReal property, Hotel, Infrastructure and Services, General merchandise
RevenueHK $59,6 billion (as of financial year 2016)
OwnerChow Tai Fook Enterprises Limited
Number of employees
About 50,000 people (as of financial year 2014)
Subsidiaries
Websitewww.nwd.com.hk
New World Development
Traditional Chinese新世界發展有限公司
Simplified Chinese新世界发展有限公司

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.

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