New World Development

New World Development is a Hong Kong-listed conglomerate (stock code 00017.HK) with its origins in the Cheng family business dating to 1950s textile trading, though the modern property group took shape after Cheng Yu-tung acquired a listed shell in 1970 and injected his real estate assets. The company is now a flagship of the New World Group ecosystem, with its sister entity New World Group also appearing as a strategic investor in technology ventures across Greater China .

In the investment sphere, New World Group members have backed a range of hard-tech and AI startups. New World Group's member company NWS Holdings (00659.HK) participated in Tigerobo's Pre-A round alongside Gaorong Capital and Sun Hung Kai & Co. (00086.HK) in 2019 . More recently, New World Group co-led Biren Technology's Series B in 2021 with Ping An and Country Garden Venture Capital , and by 2025 was named as an industry partner of 3D graphics engine developer Grainite, alongside Huawei, BYD, and Honor .

The bundle does not contain detailed information on New World Development's core property development business, current leadership transitions, or recent financial performance. elsewhere's corpus does not cover this.