New World Development Company Limited, trading over-the-counter in the United States under the symbol NDVLY, is a diversified conglomerate headquartered in Hong Kong. Founded in 1970 by the late Dr. Cheng Yu-tung, the company established its reputation through landmark property projects such as New World Centre and Harbour City. Over the decades, New World has evolved beyond traditional real estate to encompass a broad spectrum of businesses, leveraging its expertise and financial strength to drive sustainable growth across multiple sectors.
At the core of New World Development’s operations is property development and investment. The company engages in the acquisition, development and management of residential, office and retail properties in key urban markets. Its real estate portfolio includes mixed-use complexes, Grade-A office towers and upscale shopping malls in Hong Kong, Mainland China and Southeast Asia. New World’s commitment to innovative design, environmental sustainability and community integration has positioned its developments as benchmarks in the region.
In addition to property, New World Development has expanded into infrastructure, hospitality and services. Through its subsidiaries and joint ventures, the group invests in roads, rail projects and energy assets, while its Rosewood Hotel Group manages luxury hotels and resorts under well-known brands. The services arm provides facilities management, property management, environmental solutions and logistics services, creating diversified revenue streams and enhancing operational synergies across the group.
New World Development serves markets in Hong Kong, Mainland China, Macao and selected locations in Southeast Asia. Leadership is anchored by Chairman Henry Cheng Kar-shun, who upholds the company’s long-term vision, and Executive Vice-Chairman Adrian Cheng Chi-kit, driving innovation and digital transformation. Under their stewardship, New World continues to pursue strategic partnerships, sustainable practices and community-oriented initiatives, solidifying its standing as a leading developer and diversified conglomerate in Asia.
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