A Legacy Reimagined

Born into a family synonymous with Hong Kong’s prosperity – the grandson of the late business magnate Cheng Yu-tung – Dr. Cheng’s path was seemingly preordained. Yet, he defied expectations. After graduating with honors from Harvard University, he embarked on a personal journey to Japan, immersing himself in a culture known for its meticulous attention to detail and dedication to aesthetics. This experience would profoundly shape his vision for future endeavors.

Upon returning to Hong Kong, Dr. Cheng didn’t simply step into his preordained role at the family business, New World Development. He observed, he questioned, and he envisioned. He saw a company steeped in tradition but ripe for transformation. He became the architect of a new era, taking the helm as CEO and Executive Vice Chairman in 2014.

Beyond Bricks and Mortar: Building an Ecosystem

Dr. Cheng’s vision for New World Development transcended the traditional realm of property development. He understood that true success lay in creating a holistic ecosystem that catered to the evolving needs of a modern metropolis. Under his leadership, the company expanded its portfolio to encompass retail, infrastructure, healthcare, education, and hospitality – all woven together seamlessly to create a vibrant tapestry of experiences.

This innovative approach is perhaps best exemplified by K11, Dr. Cheng’s brainchild. K11 isn’t just a shopping mall; it’s a cultural and artistic hub that seamlessly integrates retail with art exhibitions, museums, and open spaces. K11 projects have redefined the concept of retail experiences, becoming vibrant destinations that foster community and engagement.

Dr. Cheng’s vision for K11 extends beyond Hong Kong, with locations already established in Guangzhou, Shanghai, and Wuhan, and plans for further global expansion.

A Leader with a Global Perspective

Dr. Cheng’s influence extends far beyond the boardrooms of New World Development and K11. He is a respected figure on the international stage, recognized for his commitment to innovation and cultural exchange. He has been awarded the prestigious Officer of the Order of Arts and Letters by the French Government, a testament to his dedication to fostering cross-cultural understanding.

A Passion for Social Impact

Dr. Cheng is a leader who believes in the power of business to create positive social change. He established The WEMP Foundation, an organization dedicated to empowering women entrepreneurs in Asia. He is also the Chairman of the China Young Leaders Foundation, nurturing the next generation of responsible business leaders. These initiatives showcase Dr. Cheng’s commitment to building a better future, not just for Hong Kong but for the entire region.

A Leader Who Inspires

Dr. Cheng’s leadership style is as innovative as his vision. He fosters a culture of collaboration and creativity within his companies, empowering his team to push boundaries and embrace new ideas. He is known for his approachability and genuine interest in the people he works with, creating a work environment that is both stimulating and supportive.