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Adrian Cheng is the Founder and Investor at C Capital and Chairman of K11 Group, based in Hong Kong. He holds a Bachelor of Arts from Harvard University and previously served as the CEO of the property developer New World Development before stepping down in September 2024 to focus on personal ventures. Through C Capital, which manages over $100 million in assets, Cheng targets early-stage investments across the technology, consumer internet, and Web3 sectors. His venture portfolio includes global consumer brands and technology unicorns such as Animoca Brands, CASETiFY, and GoGoX. In 2024, his firm led a $10 million Series A funding round for a Southeast Asian logistics startup and participated in healthtech diagnostic rounds. Cheng currently focuses on bridging traditional real estate and retail with emerging millennial consumer technologies and global asset management.
Adrian Cheng stands as a pivotal figure in the global investment landscape through his leadership at CVentures, the dedicated venture capital arm of New World Development Company Limited. As the Chief Executive Officer of New World Development, his investment philosophy is uniquely shaped by his extensive experience in real estate, retail, and cultural innovation, particularly through his founding of the K11 Group. This profound background enables him to identify and nurture startups that can seamlessly integrate into broader urban ecosystems and enhance consumer experiences, creating significant synergistic value.
At CVentures, Adrian Cheng spearheads strategic investments across a diverse range of high-growth sectors. His primary focus areas include cutting-edge technology, innovative lifestyle brands, and consumer-centric businesses. He demonstrates particular interest in proptech, fintech, healthtech, and solutions that promote sustainability and smart city development. CVentures actively seeks out companies offering disruptive innovations and possessing the potential to redefine industries, often leveraging New World Development's vast network, operational expertise, and extensive customer base to accelerate their growth and market penetration.
Cheng's distinguished career journey is marked by a profound commitment to innovation and cultural enrichment. As CEO of New World Development, he has transformed the conglomerate into a "cultural enterprise," meticulously integrating art, design, and sustainability into its core business operations. His creation of the K11 brand, which masterfully merges retail with art and culture, exemplifies this forward-thinking approach. This holistic perspective extends directly to his investment decisions, where he looks for ventures that not only promise strong financial returns but also contribute positively to society and enhance the quality of urban living.
CVentures' robust portfolio reflects Adrian Cheng's strategic vision, featuring investments in companies that span various technological frontiers. While specific deal details are often proprietary, the firm has been known to back promising ventures in areas like artificial intelligence, blockchain applications, and advanced e-commerce platforms. These investments are carefully selected to complement New World Development's existing businesses, fostering a powerful synergy that benefits both the innovative startups and the larger ecosystem. Adrian Cheng's dynamic leadership at CVentures underscores his unwavering dedication to fostering entrepreneurship and driving the next wave of innovation across Asia and globally. His approach transcends mere capital injection; it encompasses providing invaluable strategic guidance, mentorship, and unparalleled access to a robust network, firmly positioning CVentures as a key and influential player in the global venture capital landscape.
Through CVentures, Adrian Cheng invests in a wide range of sectors including technology, lifestyle brands, consumer businesses, proptech, fintech, healthtech, and solutions focused on sustainability and smart city development.
Adrian Cheng works as an investor at CVentures and serves as the Chief Executive Officer of New World Development Company Limited.