New World Development Co. Ltd.
New World Development Co. Ltd. is a holding company, which engages in the property business. It operates through the following segments: Property Development, Property Investment, Service, Infrastructure, Hotel Operations, Department Stores, Telecommunications, and Others. The Property Development segment focuses on the residential usage of company properties in China and Hong Kong. The Property Investment segment handles lands and buildings that are for lease or rent. The Service segment comprises of facilities management, contracting and transport, and strategic investments. The Infrastructure segment includes development of roads and ports, and energy, water and logistics projects. The Hotel Operations segment manages major hotel projects in Hong Kong, namely, Grand Hyatt Hong Kong, Hyatt Regency Hong Kong, Tsim Sha Tsui, Hyatt Regency Hong Kong, Sha Tin and Renaissance Harbour View Hotel. The Department Store segment operates department store retail chain in China. The Telecommunications segment provides mobile and telecommunication services through New World Telecommunications Ltd. The Others segment includes media and technology businesses. The company was founded on May 29, 1970 and is headquartered in Hong Kong.