Talks between the billionaire Cheng family and potential investors in New World Development Co. are stalling, underscoring ...
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Amazon halts New World development amidst layoffs
Immense layoffs at Amazon have impacted the company’s video game division and its streaming platform, Twitch. Aside from the job losses, which are said to be significant (though exact numbers for the ...
Founded in 1970 by billionaire Cheng Yu-Tung, New World helped define Hong Kong’s skyline with landmarks such as Victoria Dockside and 11 Skies. But high interest rates, a housing glut, and China’s ...
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