About New World Development
New World Development is a company based in Hong Kong (China) founded in 1970.. The company has 11,000 employees as of June 30, 2024. New World Development operates in a competitive market with competitors including Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others.
- Headquarter Hong Kong, China
- Employees 11000 as on 30 Jun, 2024
- Stage Public
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Sectors
Real Estate & Construction
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name New World Development Co. Ltd.
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Annual Revenue
$4.61 B (USD)-34.4as on Jun 30, 2024
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Net Profit
$-1.47 B (USD)-2185as on Jun 30, 2024
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EBITDA
$481.56 M (USD)-61.79as on Jun 30, 2024
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Latest Funding Round
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Investors
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Employee Count
11000
as on Jun 30, 2024
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IPO & Listings of New World Development
New World Development is a publicly listed company on the HKEX with ticker symbol 17 in Hong Kong, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of New World Development
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by New World Development
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - New World Development
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
New World Development Comparisons
Competitors of New World Development
New World Development operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vingroup, Lendlease, Lodha Group, Vanke and Frasers Property, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real estate development and management services are offered by Vingroup.
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| domain | founded_year | HQ Location |
Sustainable project development and maintenance services are provided worldwide.
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| domain | founded_year | HQ Location |
Developer of residential and commercial real estate properties
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| domain | founded_year | HQ Location |
Real estate properties are developed in over 50 cities.
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| domain | founded_year | HQ Location |
Residential and commercial properties are developed and managed across regions.
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| domain | founded_year | HQ Location |
Eiffage is engaged in construction, energy, and infrastructure concessions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on New World Development
Frequently Asked Questions about New World Development
When was New World Development founded?
New World Development was founded in 1970.
Where is New World Development located?
New World Development is headquartered in Hong Kong, China.
Who is the current CEO of New World Development?
Adrian Cheng Chi-Kong is the current CEO of New World Development.
How many employees does New World Development have?
As of Jun 30, 2024, the latest employee count at New World Development is 11,000.
What is the annual revenue of New World Development?
Annual revenue of New World Development is $4.61B as on Jun 30, 2024.
What does New World Development do?
New World Development was established in 1970 in Hong Kong, China, within the real estate sector. Operations are centered on property development, hotel management, infrastructure projects, and department store services. The company maintains a presence in these areas across the region. In 2022, annual revenues of 9.34 billion were achieved, alongside a net profit of 0.13 billion. Leadership is provided by CEO Adrian Cheng Chi-Kong.
Who are the top competitors of New World Development?
New World Development's top competitors include Godrej Properties, Vingroup and DLF India.
Is New World Development publicly traded?
Yes, New World Development is publicly traded on HKEX under the ticker symbol 17.
What is New World Development's ticker symbol?
The ticker symbol of New World Development is 17 on HKEX.
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