From investments to Dubai partnership: Hong Kong billionaire scion Adrian Cheng’s moves after exiting family empire
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Adrian Cheng, former heir of Hong Kong's Cheng family, is shifting focus post-resignation from New World Development. He launched ALMAD Group, targeting transformative industries in the Middle East and Asia. Cheng's ventures include a partnership with Wafi Group to introduce Chinese brands in Dubai and investments in start-ups like Shanghai Biren Technology. His new initiatives reflect a desire to diversify beyond property, emphasizing cultural and technological advancements in emerging markets.
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