Adrian Cheng announced his resignation as executive vice chairman and CEO of New World Development, and also resigned from the board of directors of three companies including NWS Holdings, Chow Tai Fook and New World Department Store. After taking office as CEO of New World, Adrian Cheng is determined to reform the development model of traditional real estate developers. He is also personally involved in a large number of private investment projects outside of real estate, mainly involving asset management, innovative technology and virtual assets. For example, he established a private investment platform Jingyu in 2020. As of the end of 2021, its asset size has reached US$2 billion. It has also participated in investments such as C Capital and Flow Capital.
Zheng Zhigang is keen on innovative technology and virtual assets. He once spent US$5 million to buy a piece of virtual land in The Sandbox, and participated in NFT project Azuki, virtual asset custodian Hex Trust, Animoca Brands, Lalamove and Day Day Cook. In 2020, he also participated in the investment of TikTok's parent company ByteDance, and promoted the listing of genetic and diagnostic company Prenetics and its privately held SPAC in the United States; and invested in Hong Kong mobile phone case company CASETiFY, becoming the company's first external strategic investor. (Hong Kong Wen Wei Po)