New World Development - About the company
New World Development is a public company based in Hong Kong (China), founded in 1970 by Cheng Yu-tung. It operates as a Real property company. The company has 19237 active competitors, including 234 funded and 1487 that have exited. Its top competitors include companies like Emaar, Wanda Group and Godrej Properties.
Company Details
New World Development is a real property company. The company has a business in property, hotel, infrastructure & services, department stores. In 2022, the company recorded annual revenues of $9.34B and a net profit of $0.13B.
- Website
- nwd.com.hk
- Social
- Email ID
- *****@nwd.com.hk
- Phone Number
- +852 **********
Key Metrics
Founded Year
1970
Location
Hong Kong, China
Stage
Public
Investors
Ranked
210th among 19237 active competitors
Employee Count
1,144 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Public
New World Development's IPO details
New World Development got listed on Nov 23, 1972.
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New World Development's funding and investors
New World Development is a funded company. New World Development has 1 institutional investor.
View details of New World Development's funding rounds and investors
New World Development's founders and board of directors
Founder? Claim ProfileThe founders of New World Development is Cheng Yu-tung.
Here are the details of New World Development's key team members:
- Cheng Yu-tung: Former Founder of New World Development.
View details of New World Development's Founder profiles and Board Members
New World Development's employee count trend
New World Development has 1,144 employees as of Mar 26. Here is New World Development's employee count trend over the years:
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New World Development's Competitors and alternates
Top competitors of New World Development include Emaar, Wanda Group and Godrej Properties. Here is the list of Top 10 competitors of New World Development, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Emaar 1997, Dubai (United Arab Emirates), Public | Provider of real estate development properties | $98M | 82/100 | |
2nd | Wanda Group 1988, Beijing (China), Late Stage | Provider of commercial hotels, resorts, and apartments management & development services | $7B | 72/100 | |
3rd |  Godrej Properties 1990, Mumbai (India), Public | Developer of residential and commercial real estate projects | - | 69/100 | |
4th | Provider of real estate development and management services | - | 69/100 | ||
5th |  Max Estates 2016, Noida (India), Public | Provider of residential & commercial development services | - | - | 67/100 |
6th | Provider of property and real estate development services | - | 67/100 | ||
7th | Prateek Group 2005, Noida (India), Seed | Developer of commercial and residential real estate projects | $31.6M | 66/100 | |
8th | Provider of sustainable project development services | - | 66/100 | ||
9th | Provider of real estate and commercial project development services | $538M | 65/100 | ||
10th | Provider of facility management, material handling, food catering, real estate advisory, and development services | $146M | 64/100 | ||
210th |  New World Development 1970, Hong Kong (China), Public | Real property company | - | 49/100 |
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New World Development's Investments and acquisitions
New World Development has not made any acquisitions yet. New World Development has made 12 investments.Here is the list of latest three $investments:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 07, 2023 | Investments | 2019 | Hong Kong (China) | |
Aug 02, 2022 | Investments | 2021 | Beijing (China) | |
Aug 02, 2022 | Investments | 2021 | Beijing (China) |
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Reports related to New World Development
Here is the latest report on New World Development's sector:
News related to New World Development
Filter this listMedia has covered New World Development for a total of 7 events in the last 1 year, 2 of them have been about company updates.
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New World Development Reports Net Loss, Blackstone in Talks to InvestCaproasia•Feb 28, 2026•New World Development
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Blackstone said set to become largest shareholder of New World while no deal signed yetMingtiandi•Jan 29, 2026•Tysan Holdings, Blackstone, Chow Tai Fook Jewellery, New World Development
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Goldman Sachs Seeks Discount to Buy Loans of New World DevelopmentCaproasia•Dec 20, 2025•New World Development, Goldman Sachs
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New World plans $1.9 billion debt swap with creditor haircutsMoneycontrol•Nov 03, 2025•New World Development
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Four Corners Property Trust (NYSE:FCPT) Shares Acquired Rep. Lisa C. McClainMarketBeat•Aug 18, 2025•FCPT, Deutsche Bank, New World Development
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New World Denies Blackstone Talks, Other Asia Real Estate NewsMingtiandi•Aug 07, 2025•New World Development, Blackstone
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Hong Kong Builder Emperor Revises Debt Plan, Seeks Loan ExtensionsMint•Jul 18, 2025•Emperor Group, New World Development, Grand Ming Group
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New World seeks to sell 11 Skies airport mall to boost liquidityFashion Network•Jul 17, 2025•New World Development
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New World Marketing $1.9B Hong Kong Airport Mall and Asia Real EstateMingtiandi•Jul 17, 2025•New World Development, ESR
•
New World Development secures HK$88.2 billion lifeline, can the Cheng family escape the "three-generation curse?"Cnyes•Jul 04, 2025•New World Development
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