EconomyFormer NWD heir Adrian Cheng expands K11 brand in Xiamen

Adrian Cheng Chi-kong, former heir apparent to Hong Kong developer New World Development, is expanding his K11 cultural retail business in mainland China and pursuing a venture of his own as the family property group faces heavy debt. Xiamen K11 Select, developed with state-owned Xiamen Rail Transit Group, has drawn more than 2 million visits since opening on September 22, while sales rose 32 per cent or more.

Adrian ChengK11Xiamenproperty

SSouth China Morning Post★★☆☆☆2026-10-05 11:08Original