The unexpected departure of Eric Ma cast a shadow over New World’s efforts to turn around its struggling business amid property downturns. Eric Ma, CEO of the Hong Kong billionaire Cheng family’s ...

Amazon this week in a message sent to staff announced it is laying off 14,000 corporate jobs that includes "significant" cuts to its video game business. Amazon Games has now officially confirmed it ...

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HONG KONG (Reuters) -Embattled New World Development said on Tuesday it expected $1.3 billion of its debt, majority of it being perpetual bonds, to be cut after setting an early deadline for its ...

Shares of Hong Kong's major developer, New World Development surged as high as 23% after trading resumed, following the resignation of Adrian Cheng, a member of the founding family. The company halted ...

(Bloomberg) -- New World Development Co. posted a second straight year of losses as debt pressures and a weak property market took a toll on the distressed Hong Kong builder. The developer controlled ...

Good afternoon. Welcome to New World Development's FY 2026 interim presentation, online analysts and investors meeting. I am IR Director, Patrick Cheong. I am the moderator for this meeting. First of ...

New World Development, built by the Chengs – one of Hong Kong’s “big four” property dynasties, is now struggling with debt after years under a third-generation heir’s leadership, highlighting the ...

Feb 21 (Reuters) - Hong Kong-based property developer New World Development (0017.HK), opens new tab said on Friday it expects to swing to a loss of up to HK$6.80 billion ($875.07 million) for the ...

Hong Kong real estate company New World Development Co. has finally returned to the market with a pair of luxury towers that were in hot demand during the boom years — until the firm was forced to ...

New World Development (HK:0017) has released an update. New World Development Company Limited has announced its board of directors, highlighting the roles of key executives and their responsibilities ...