New World Development

New World Development Company Limited
新世界發展有限公司

Headquarters at New World Tower
Company type	Public Company
Traded as	SEHK: 17 Hang Seng Index component
Industry	conglomerate
Founded	29 May 1970
Founder	Cheng Yu-tung
Headquarters	New World Tower [zh] Central, Hong Kong
Key people	Henry Cheng (Chairman) Adrian Cheng（Executive Vice-chairman and Chief Executive Officer）
Products	Real property, Hotel, Infrastructure and Services, General merchandise
Revenue	HK $59,6 billion (as of financial year 2016)
Owner	Chow Tai Fook Enterprises Limited
Number of employees	About 50,000 people (as of financial year 2014)
Subsidiaries	NWS Holdings New World Department Store China New World China Land
Website	www.nwd.com.hk

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.^[1]

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.^[1]