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The Cheng Yu-tung Family refers to a wealthy Hong Kong–based family best known for controlling Chow Tai Fook, via which it also owns New World Development and Rosewood Hotel Group, among other businesses.
Cheng Yu-tung GBM (Chinese: 鄭裕彤; 8 August 1925 – 29 September 2016) was a Hong Kong billionaire with extensive property investment, development and service businesses, hotels, infrastructure, jewellery retailing and transportation interests in Hong Kong, Macau, United States, Australia and other areas. He was considered to be Hong Kong ...
Henry Cheng, son of the late Cheng Yu-tung, was ranked 49th. Some of the members of the aforementioned "new" families were also on the list, such as Peter Woo, son-in-law of the late Pao Yue-kong (6th), Michael Kadoorie (12th), the brothers Tung Chee-hwa and Chee-chen (17th) and Chan Tan Ching-fen, widow of Chan Tseng-His (35th). [23]
Cheng Yu Tung, the son-in-law of Chow Tai Fook’s founder, Chow Chi-yuen, took over the business in the '50s, and expanded the company into a massive conglomerate with interests including real ...
Cheng is the elder son of Cheng Yu-tung, who founded Hong Kong-listed New World Development, of which Henry succeeded his father as chairman. [1] Cheng is Chairman of NWS Holdings, New World China Land, and New World Department Store China. He is also a standing committee member of the Eleventh Chinese People’s Political Consultative Conference.
The billionaire entrepreneur Adrian Cheng’s vision is cultural and social with mental health, housing, arts, creativity, and more in mind. How Adrian Cheng Pioneers a New Philanthropy for Hong ...
The Chow Tai Fook group began with the Chow Tai Fook jewellery store, founded by Chow Chi-yuen in 1929 in Guangzhou, China. The store shifted its business to Portuguese Macau in 1940 [5] (some say 1931 [7]) and then to British Hong Kong after the breakout of the Second Sino-Japanese War [7] in the 1930s and the establishment of the People's Republic of China in 1949.
Rosewood Hotel Group is headed by Sonia Cheng, daughter of Henry Cheng and granddaughter of the late Cheng Yu-tung, the patriarchs of Chow Tai Fook Enterprises and New World Development. [8] She was appointed as the executive vice-chairman of New World Hotel Management Limited in February 2009 and one of the executive director of New World ...