New World Development Co. Ltd.
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New World Development Co. Ltd.
New World Development Company Limited (NWD), is a Hong Kong-based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on the Stock Exchange of Hong Kong Limited (SEHK: 17) since 23 November 1972 and is a constituent stock of Hong Kong Hang Seng Index. Over the last four decades, the group has also actively participated in various businesses in Mainland China and established itself as one of the largest foreign direct investors in the country. The group's existing investments in Mainland China has exceeded US$16.5 billion, spreading across four municipalities and over 19 provinces. History Launch and rapid growth The New World Development (NWD) Company Limited was established on 29 May 1970 to venture into property development. Dr Ho Sin Hang was elected Chairman of the company, while Dr. Cheng Yu-tung was appointed Director and General Manager. Chow ...
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General Manager
A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business. Frequently, the general manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization (Sayles 1979). In many cases, the general manager of a business is given a different formal title or titles. Most corporate managers holding the titles of chief executive officer (CEO) or president, for example, are the general managers of their respective businesses. More rarely, the chief financial officer (CFO), chief operating officer (COO), or chief marketing officer (CMO) will act as the general manager of the business. Depending on the ...
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The Masterpiece (Hong Kong)
The Masterpiece is a 64-floor, 261 metre (856 ft) tall skyscraper in Tsim Sha Tsui, Hong Kong. It houses the six-storey K11 shopping centre in the lower levels and basement. The 381-room Hyatt Regency hotel, located from Level 3 to 24, opened in October 2009. 345 luxury residential apartments"Masterpiece price for flat"
, '' The Standard'', September 15, 2009
occupy the 27th to 67th floors with units located on the top floors of the building. The complex is connected to both

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Renaissance Hotels
Renaissance Hotels is a luxury hotel brand of Marriott International. It was founded in 1981 as Ramada Renaissance, an upscale brand of Ramada Inns. In 1989 the brand was relaunched as Renaissance Hotels. It was bought by Marriott in 1997. As of June 30, 2020, it has 176 hotels with 55,501 rooms, in addition to 29 hotels with 7,613 rooms in the pipeline. History Renaissance Hotels was founded in 1981 as Ramada Renaissance, an upscale division of Ramada Inns. The first property was located in Aurora, Colorado, outside Denver. Ramada Inc Hotels & restaurants were sold to Hong Kong-based New World Development Ltd. in 1989 for $540 million. New World divided the Renaissance Hotels brand into a separate chain and developed Renaissance & Ramada as independent hotel brands. (the U.S. rights to the Ramada name were sold to Prime Hospitality), and the former Ramada Corp. was renamed Aztar Corp. In 1993, New World purchased the Stouffer Hotels chain from Nestle for an estimated $1.5 ...
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Grand Hyatt Hong Kong
The Grand Hyatt Hong Kong is a luxury Hyatt hotel in Hong Kong, and the Asian flagship of Hyatt International. It has been described in a ''New York Times'' travel article as a "world-famous prestige" property. It opened on 21 November 1989 and is located at 1 Harbour Road, Wan Chai, adjacent to the Hong Kong Convention and Exhibition Centre. The hotel has 11 food and beverage outlets, famous in both their good quality of food and service. VIP visits The Grand Hyatt Hong Kong has been attended by heads of state and heads of government including Bill Clinton in 1998 and Chinese president Hu Jintao, premier Zhu Rongji, vice-premier Li Keqiang in their first visit to Hong Kong. Plateau Spa In 2004, the 11th floor was converted into a spa and "hotel with a hotel" named "The Plateau" at a cost of some US$10 million. Plateau Spa was awarded as "Top 15 World's Best Spas" by a ''Travel + Leisure Travel + Leisure Co. (formerly Wyndham Destinations, Inc. and Wyndham Worldwide Corpo ...
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Abu Dhabi Investment Authority
The Abu Dhabi Investment Authority ( ar, جهاز أبوظبي للاستثمار, ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi (in the United Arab Emirates) founded for the purpose of investing funds on behalf of the Government of the Emirate of Abu Dhabi. It manages the Emirate's excess oil reserves and is estimated to manage $790 billion. ADIA's operations have been characterized as secretive and opaque. History In 1967, Abu Dhabi emirate created the Financial Investments Board which operated within its Department of Finance and was responsible for managing the Emirate's excess oil revenues. However, in 1976, Sheikh Zayed bin Sultan Al Nahyan, the founding president of the United Arab Emirates, converted it into the Abu Dhabi Investment Authority. The goal was to invest the Abu Dhabi government's surpluses across various asset classes, with low risk. At the time it was novel for a government to invest its reserves in anything other than Official gold res ...
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Beijing Capital International Airport
Beijing Capital International Airport is one of two international airports serving Beijing, the other one being Beijing Daxing International Airport (PKX). It is located northeast of Beijing's city center, in an exclave of Chaoyang District and the surroundings of that exclave in suburban Shunyi District. The airport is owned and operated by the Beijing Capital International Airport Company Limited, a state-controlled company. The airport's IATA Airport code, PEK, is based on the city's former romanized name, Peking. Beijing Capital has rapidly ascended in rankings of the world's busiest airports in the past decade. It had become the busiest airport in Asia in terms of passenger traffic and total traffic movements by 2009. It was the world's second busiest airport in terms of passenger traffic between 2010 and 2021. The airport registered 557,167 aircraft movements (takeoffs and landings), ranking 6th in the world in 2012. In terms of cargo traffic, Beijing airport has a ...
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Guangzhou
Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginni ...
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New World Department Store China Limited
New World Department Store China Limited is a Hong Kong-based holding company for department store chains in the Mainland China. New World Department Store China is a subsidiary of another listed company New World Development. It has self-owned stores and managed stores in Mainland China and in the past in Hong Kong. It operates under two brands: "New World" () and ''Ba-li Chun-tian'' (). The chairman is Henry Cheng, the son of the Hong Kong billionaire, Cheng Yu-tung. It was listed on the Stock Exchange of Hong Kong with IPO price of HK$5.8 per share. See also *New World China Land New World China Land Limited is a wholly owned subsidiary of Hong Kong-based conglomerate New World Development, itself part of Chow Tai Fook group. New World China Land was spin off from New World Development in 1999 as a separate listed compan ... References External links * Companies listed on the Hong Kong Stock Exchange Civilian-run enterprises of China Department stores of Hong Kong ...
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Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ...
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Riverside South, Manhattan
Riverside South is an urban development project in the Lincoln Square neighborhood of the Upper West Side of Manhattan, New York City. It was originated by six civic associations – The Municipal Art Society, Natural Resources Defense CouncilNew Yorkers for Parks Regional Plan Association, Riverside Park Fund, and Westpride – in partnership with real estate developer Donald Trump. The largely residential complex, located on the site of a former New York Central Railroad yard, includes Freedom Place and Riverside Center. The $3 billion project is on of land along the Hudson River between 59th Street and 72nd Street. Development of the rail yard site generated considerable community opposition. Trump's 1970s-era proposal was widely opposed and failed to gain traction. In 1982, Lincoln West, a much smaller project, was approved with community support, but the developers failed to obtain financing. Planning for the current project began in the late 1980s. The p ...
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Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a population of about 680,000 and an area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal as a trading post by the Ming dynasty in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887. Portugal later gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999, when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of " one country, two systems".. The unique blend of Portuguese and Chinese arc ...
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