Cheng Yu Tung

Cheng Yu Tung
Name Initial
Long Business Description

He used to be the CEO of New World Development. The company actually started out as a jewelry business called Chow Tai Fook. It eventually expanded to other businesses and became Chai Tai Fook. New World Development now owns five high-end hotels around the world and properties in Hong Kong and Macau. It also owns Carlyle Hotel in Manhattan and the Sheraton Marina hotels.

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