Adrian Cheng

Adrian Cheng
鄭志剛
Born 1979 (age 38–39)
Hong Kong
Alma mater Harvard University
Occupation Founder of K11 and K11 Art Foundation, Executive Vice-Chairman of New World Development
Spouse(s) Jennifer Yu
Parent(s) Henry Cheng (father)
Relatives Cheng Yu-tung
(grandfather)
Sonia Cheng
(younger sister)
Awards Officier de l’Ordre des Arts et des Lettres[1]
Honorary Doctorate of Humanities degree, SCAD
Honorary Fellowship, Lingnan University
ArtReview 2014 Power 100

Adrian Cheng Chi-kong (Chinese: 鄭志剛, born 1979) is a wealthy businessman in Hong Kong, the third generation heir to multi-billionaire Cheng Yu-tung, the founder of the New World and Chow Tai Fook property and jewellery empire.[2][3][4] He is the executive vice-chairman and general manager of the Hong Kong-listed New World Development,[5] executive director of the listed Chow Tai Fook Jewellery Group, and founder of the K11 brand.[6][7] In 2017, he launched waterfront redevelopment project Victoria Dockside in Hong Kong. [8] Cheng was on 40 under 40 (Fortune magazine) list , and in 2017, he was awarded the Ordre des Arts et des Lettres.[9]

Family background and education


Born in 1979, Cheng is the grandson and designated heir to Cheng Yu-tung,[10][11] whose holdings were worth an estimated US$16.6 billion shortly before his death in 2016, according to Forbes.[12] Family holdings include the Chow Tai Fook jewellery chain and New World Development group.[11][13]

Cheng majored in East Asian studies at Harvard University and graduated with a Bachelor of Arts degree before going to Japan to study Japanese culture for a year.[13]

Business career

Following a two-year stint at UBS AG[6][10] Cheng joined the family business,[13] becoming Executive Vice-Chairman at New World Development in 2015,[14] the biggest part of the family’s private Chow Tai Fook Holdings empire. He also serves as an executive director and board member.[10][15][16][17][18]

K11 brand

Cheng introduced the concept of "museum-retail"[19] by founding the K11 brand in 2008. Cheng's first K11 museum-retail mall opened in Tsim Sha Tsui (Hong Kong) in 2009, and later a branch was opened in Shanghai. K11 museum-retail shopping centers currently have branches in Guangzhou, Hong Kong, Shanghai, Shenyang, and Wuhan. In 2017, Cheng led the Victoria Dockside redevelopment on land held by New World since the 1970s, at a cost of $2.6 billion.[20][21][22]

He founded the K11 Art Foundation (KAF) in 2010, a vehicle for art promotion within the malls, serving as a platform for Chinese artists and their works.[23] He initiated collaborations between the foundation and international museums and art institutions such as Palais de Tokyo in Paris[24] and Institute of Contemporary Arts (ICA) in London,[25] showcasing Chinese artists. The foundation also has an art village in Wuhan.[26]

Cheng was included in ArtReview Power100 in 2014 (ranked number 100)[27] and 2015 (ranked number 76).[28][29]

Current positions in the arts

References

  1. ↑ "Mr. Adrian Cheng awarded insignia of Officer in the Order of Arts and Letters". Consulate general of France in Hong Kong and Macau. 2017-12-12. Retrieved 2018-01-03.
  2. ↑ https://nextshark.com/adrian-cheng-chow-tai-fook/
  3. ↑ https://www.reuters.com/article/us-hongkong-chowtaifook-cheng-idUSBRE94C0ZH20130513
  4. ↑ "Adrian Cheng Launches C Ventures, an 'Investment Club' With Eye on Youth Culture". Business of Fashion.
  5. ↑ "Corporate | New World Development Company Limited Official Website". www.nwd.com.hk. Retrieved 8 October 2015.
  6. 1 2 "About Us > Board of Directors | Chow Tai Fook Jewellery Group Limited". corporate.chowtaifook.com. Retrieved 2016-05-17.
  7. ↑ "How New World heir Adrian Cheng combines his passion for art with entrepreneurship". SCMP.
  8. ↑ "5 Things To Know About Victoria Dockside". Asia Tatler.
  9. ↑ "Adrian Cheng Awarded Officier de L'Ordre des Arts et des Lettres". Cobosocial.
  10. 1 2 3 "Adrian Cheng moves up after K11 artistry - The Standard". www.thestandard.com.hk. Retrieved 2015-09-30.
  11. 1 2 "Adrian Chi-Kong Cheng | #BoF500 | The Business of Fashion". Retrieved 2015-09-30.
  12. ↑ Hong Kong billionaire tycoon Cheng Yu-tung dies aged 91, Coconuts, 30 September 2016
  13. 1 2 3 Contributor, Alex Frew McMillan|CNBC. "Still in Control, Hong Kong Property Tycoons Face a Younger Generation". Retrieved 2015-09-30.
  14. ↑ "Home | New World Development Company Limited Official Website". www.nwd.com.hk. Retrieved 2016-05-17.
  15. ↑ Davies, Paul J. (2013-10-08). "Adrian Cheng adds shine to Chow Tai Fook brand". Financial Times. ISSN 0307-1766. Retrieved 2015-09-30.
  16. ↑ "Brave new world as Cheng retires - The Standard". www.thestandard.com.hk. Retrieved 2015-09-30.
  17. ↑ "Reflections of Siem - The Standard". www.thestandard.com.hk. Retrieved 2015-09-30.
  18. ↑ "New World founder makes way for son at top of developer". Reuters. 2012-02-29. Retrieved 2015-09-30.
  19. ↑ Harris, Gareth (2014-10-24). "Arts interview: Adrian Cheng". Financial Times. ISSN 0307-1766. Retrieved 2016-05-17.
  20. ↑ "New World's Victoria Dockside Breaks Record For Kowloon Office Rents". Mingtiandi.com. Retrieved June 25, 2018.
  21. ↑ "From swanky to retro-cool: 9 exciting attractions coming to Hong Kong". CNN. Retrieved June 25, 2018.
  22. ↑ "Victoria Dockside". Sky Scraper Center. Retrieved June 25, 2018.
  23. ↑ "The Foundation - K11 Art Foundation". Retrieved 2015-09-09.
  24. ↑ "K11 Art Foundation's Chinese-French Connection at FIAC - artnet News". artnet News. Retrieved 2016-03-16.
  25. ↑ "ICA and K11 Art Foundation present Zhang Ding: Enter the Dragon | Institute of Contemporary Arts". www.ica.org.uk. Retrieved 2016-03-16.
  26. ↑ Harris, Gareth (2014-10-24). "Arts interview: Adrian Cheng". Financial Times. ISSN 0307-1766. Retrieved 2016-03-16.
  27. ↑ name, Site. "Adrian Cheng / Power 100 / Art Review". artreview.com. Retrieved 2016-03-16.
  28. ↑ "Top 10 Young Art Collectors | Larry's List - Art Collector Interviews and Art Collector Email Addresses". www.larryslist.com. Retrieved 2016-03-16.
  29. ↑ "Meet 20 of the World's Most Innovative Art Collectors". news.artnet.com. Retrieved 2016-03-16.
  30. ↑ "How New World heir Adrian Cheng combines his passion for art with entrepreneurship". Retrieved 2015-09-30.
  31. ↑ "articles/Curators in pursuit of the next big thing". Retrieved 2015-09-30.
  32. 1 2 3 4 周静. "Art impressario (sic) Cheng brings Monet exhibit to Shanghai - China.org.cn". China Internet Information Center. Archived from the original on March 4, 2016. Retrieved 2015-09-30.
  33. ↑ "MoMA PS1: Board of Directors". MoMA PS1. Retrieved October 17, 2016.
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