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Cheng Yu-tung
From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession

From prosperity to debt: How New World Development, led by Hong Kong’s billionaire Cheng family, became warning tale of succession

New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the challenges of succession in family empires.
Hong Kong billionaire heir Adrian Cheng resigns from board of family’s embattled property giant New World Development

Hong Kong billionaire heir Adrian Cheng resigns from board of family’s embattled property giant New World Development

Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down

Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down

 
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