https://www.scmp.com/rss/523220/feed Henry Cheng Kar-shun is the elder son of Hong Kong's "Jewelry King" and property developer Cheng Yu-tung. The younger Cheng is the chairman of New World Development and Chow Tai Fook Enterprises. He oversees business interests in property, infrastructure, retail, and hospitality. A recipient of the Gold Bauhinia Star and Grand Bauhinia Medal, he founded The Better Hong Kong Foundation. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Cheryl Arcibal Cheryl Arcibal Tycoon Li Ka-shing has added more than US$6 billion to his net worth, boosting his standing as Hong Kong’s richest individual and contributing to a US$65 billion increase in the assets of the city’s 50 richest people, according to Forbes. Li, whose business interests span real estate, infrastructure and pharmaceuticals via companies such as CK Asset Holdings and CK Hutchison, had a net worth of US$45.1 billion this year, up from US$38.9 billion in 2025, according to a list compiled by the... https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343353/superman-li-ka-shing-tops-hong-kongs-billionaire-list-us451-billion-forbes?utm_source=rss_feed Thu, 12 Feb 2026 11:52:11 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Chow Tai Fook Enterprises (CTFE), the private investment holding company of the Cheng family and the parent firm of debt-ridden New World Development (NWD), has no plans to sell its prized Rosewood brand, according to sources familiar with the matter. “Rosewood has delivered exceptional results in recent years and is one of the family’s most cherished luxury hotel brands,” a source said. The group’s properties were operating as usual, with strategic investments in nearly 30... https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed https://www.scmp.com/business/article/3336121/rosewood-hotel-brand-hong-kongs-chow-tai-fook-not-sale-sources-say?utm_source=rss_feed Fri, 12 Dec 2025 01:41:35 +0000 Cheryl Arcibal Cheryl Arcibal Chow Tai Fook Enterprises (CTFE), the parent company of embattled Hong Kong developer New World Development (NWD), is selling Australian utility Alinta Energy to a Singapore-based group for A$6.5 billion (US$4.3 billion). Sembcorp Industries will acquire 100 per cent ownership of Alinta and its units, as well as Latrobe Valley Power (LVP) and its subsidiaries, from Pioneer Sail Holdings, which is owned by CTFE and Pioneer Sail Singapore, according to Sembcorp’s filing with the Singapore stock... https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed https://www.scmp.com/business/article/3336115/chow-tai-fook-sells-australian-energy-assets-singapore-group-us43-billion?utm_source=rss_feed Thu, 11 Dec 2025 14:00:13 +0000