Cheng Yu-tung was a prominent Hong Kong businessman and philanthropist. He was the chairman of New World Development, a major conglomerate in Hong Kong, and had extensive interests in real estate, retail, and infrastructure.
Cheng Yu-tung was born in Shunde, Guangdong, China, in 1925. He moved to Macau in 1940 and later to Hong Kong in 1945. He began his career by working in his family's goldsmith business.
Cheng Yu-tung was married to Chow Tsui-ying, and they had four children. He was known for his philanthropic efforts, particularly in education and healthcare.
Cheng Yu-tung transformed New World Development into one of Hong Kong's largest conglomerates, with interests spanning real estate, infrastructure, retail, and hospitality. He was also a major stakeholder in Chow Tai Fook, a leading jewelry retailer.
Cheng Yu-tung played a crucial role in developing New World Development's landmark projects such as the New World Centre in Tsim Sha Tsui and Hong Kong's first supermall, Harbour City. He also expanded Chow Tai Fook into an international jewelry brand.
Cheng Yu-tung's extensive business dealings sometimes attracted scrutiny, but he largely maintained a reputation for integrity. There were occasional criticisms related to business practices common in the rapidly-developing economies of Hong Kong and China.
Cheng Yu-tung left a lasting impact on Hong Kong's business landscape through his visionary leadership at New World Development and Chow Tai Fook. His philanthropic contributions continue to benefit
Yes: 266
No: 1978
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