{"id":161317,"date":"2025-09-21T08:00:16","date_gmt":"2025-09-21T01:00:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-focuses-on-transformative-industries-under-new-firm-almad-group\/"},"modified":"2025-09-21T11:00:27","modified_gmt":"2025-09-21T04:00:27","slug":"adrian-cheng-focuses-on-transformative-industries-under-new-firm-almad-group","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-focuses-on-transformative-industries-under-new-firm-almad-group\/","title":{"rendered":"Adrian Cheng focuses on \u2018transformative industries\u2019 under new firm ALMAD Group"},"content":{"rendered":"


\nAdrian Cheng Chi-kong has launched a new business focused on \u201ctransformative industries\u201d, including culture and healthcare, nearly three months after the third-generation scion of New World Development (NWD) left the company.
\nHis new enterprise, ALMAD Group, will target markets in Southeast Asia and the Middle East, as well as mainland China, with a mission to break \u201cboundaries in digital and virtual assets\u201d, it said in a statement. The group owns the \u201cK11 by AC\u201d brand.
\n\u201cWe are living in an era…
\n
\nSource : South China Morning Post
\nRead more…Adrian Cheng focuses on \u2018transformative industries\u2019 under new firm ALMAD Group<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Adrian Cheng Chi-kong has launched a new business focused on \u201ctransformative industries\u201d, including culture and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-161317","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-FXT","jetpack-related-posts":[{"id":156716,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-leaves-new-world-after-securing-funding-lifeline\/","url_meta":{"origin":161317,"position":0},"title":"Adrian Cheng leaves New World after securing funding lifeline","date":"June 30, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong, the third generation scion of New World Development (NWD), has left the company after the Hong Kong developer successfully refinanced its debt and concluded months of negotiations that pulled it back from the brink of default. Cheng resigned as non-executive director of NWD, effective July 1,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-former-scion-of-hong-kongs-nwd-expands-k11-brand-in-xiamen\/","url_meta":{"origin":161317,"position":1},"title":"Adrian Cheng, former scion of Hong Kong\u2019s NWD, expands K11 brand in Xiamen","date":"October 5, 2026","format":false,"excerpt":"\r Adrian Cheng Chi-kong, former heir apparent to Hong Kong\u2019s New World Development (NWD), is expanding his K11 cultural retail business in mainland China, launching a venture of his own as his family\u2019s property group grapples with heavy debt. Xiamen K11 Select, developed by Cheng\u2019s K11 by AC Group along\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-new-world-promotes-eric-ma-to-ceo-replacing-adrian-cheng-after-record-loss\/","url_meta":{"origin":161317,"position":2},"title":"Hong Kong\u2019s New World promotes Eric Ma to CEO, replacing Adrian Cheng after record loss","date":"September 26, 2024","format":false,"excerpt":"\r Adrian Cheng Chi-kong stepped down as New World\u2019s CEO, handing over to Eric Ma Siu-cheung the job that he had held for four years.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s New World promotes Eric Ma to CEO, replacing Adrian Cheng after record loss","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-to-step-down-as-new-world-ceo-likely-to-be-replaced-by-coo-eric-ma-sources\/","url_meta":{"origin":161317,"position":3},"title":"Adrian Cheng to step down as New World CEO, likely to be replaced by COO Eric Ma: sources","date":"September 25, 2024","format":false,"excerpt":"\r Cheng, born in 1979, will become the non-executive vice-chairman of New World, giving up his title of chief executive officer, sources say.\r \r Source : South China Morning Post\r Read more...Adrian Cheng to step down as New World CEO, likely to be replaced by COO Eric Ma: sources","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167129,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-signs-retail-partnership-with-wafi-group-headed-by-dubai-royal\/","url_meta":{"origin":161317,"position":4},"title":"Adrian Cheng signs retail partnership with Wafi Group, headed by Dubai royal","date":"December 11, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong, former heir apparent to Hong Kong property giant New World Development (NWD), has partnered with a Dubai royal and businessman to spruce up the retail, leisure and cultural offerings of Wafi City, one of the United Arab Emirates (UAE) city\u2019s top shopping destinations. Cheng and Dubai\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160456,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/adrian-cheng-exits-as-ctfe-director-ending-role-in-hong-kong-family-empire\/","url_meta":{"origin":161317,"position":5},"title":"Adrian Cheng exits as CTFE director, ending role in Hong Kong family empire","date":"September 4, 2025","format":false,"excerpt":"\r Adrian Cheng Chi-kong is no longer a director of New World Development parent company Chow Tai Fook Enterprises (CTFE), cutting the last tie that connected the former heir apparent to one of the city\u2019s most powerful business empires. His name is no longer listed as a director, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/161317"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=161317"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/161317\/revisions"}],"predecessor-version":[{"id":161318,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/161317\/revisions\/161318"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=161317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=161317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=161317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}