Founded in 1970, New World Development Company Limited ( "the Group", Hong Kong stock code: 00017) was publicly listed in Hong Kong in 1972 and is a constituent stock of the Hong Kong Hang Seng Index. A premium brand infused with a unique personality, New World Group’s core business areas include investment in property and property development, and investment in and/or operation of hotels and other strategic businesses. Its operations in Greater China, especially the Greater Bay Area, had a total asset value of approximately HK$616.5 billion as at 30 June 2023. The Group's listed company is New World Department Store China Limited. New World China Land Limited is wholly owned by the Group.
The Group is confident of the development of the country and has been actively seeking development opportunities. The Group’s existing investments in Mainland China span more than 21 regions.
The Group has a strong commitment to sustainable development and adopts a 3Ps approach to its daily business operations that involves maintaining a balance between making profit (Profit) and fulfilling the company's responsibilities towards the environment (Planet) and the community (People).
New World's brand personality is best defined by The Artisanal Movement, a cultural vision, a philosophy for living. In the age of machines, we want to celebrate something more human and kindle the artisan spirit in us. Through Collect, Connect, Collide, The Artisanal Movement becomes an incubator for ideas, and a channel for audiences to experience them.
Today, as our business evolves in step with the society, we look ahead to bring a new purpose to this vision: create shared values for all stakeholders in communities that we serve, in order to make a positive impact on the world.
It is our belief of using the power of business and innovation to give back to the society. Through three core areas – culture and creativity, sustainability, and social innovation - we will forge new paths that tie our business success to social progress.
Because together we create, we are artisans, we are CSV.