Billionaire Cheng family’s succession under scrutiny


Focus point: New World Development’s building in Hong Kong. The company is the Cheng family’s flagship property business. — Reuters

Hong Kong: For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era.

He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens.

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