Adrian Cheng

Overview

Adrian Cheng is a Hong Kong-based entrepreneur and investor. He is the founder and executive chairman of ALMAD Group, a Hong Kong-based global investment firm focusing on digital assets and transformative industries such as culture, entertainment, sports, media, healthcare, commercial management, and cultural tourism. The firm targets emerging markets including mainland China, Southeast Asia, and the Middle East. Prior to founding ALMAD Group, Cheng was the CEO and executive vice-chairman of New World Development, a Hong Kong property developer, and the executive director of Chow Tai Fook Jewellery Group, a leading jewelry retailer. He is also the founder of K11, a cultural-retail brand that integrates art and commerce, and the K11 Art Foundation, which supports Chinese artists and curators. Cheng has been involved in early-stage investments in companies like Xiaohongshu, XPeng Motors, and Micro Connect. In September 2025, he launched ALMAD Group to focus on digital assets and transformative industries, marking a new chapter in his investment career. Cheng's investment strategy emphasizes digital assets and transformative industries, aiming to capitalize on emerging markets and innovative sectors. His focus includes culture, entertainment, sports, media, healthcare, commercial management, and cultural tourism, with a particular emphasis on mainland China, Southeast Asia, and the Middle East. This approach reflects his commitment to supporting industries that drive economic and cultural transformation. Throughout his career, Cheng has demonstrated a forward-thinking approach to business and investment, integrating art, culture, and sustainability into his ventures. His leadership in K11 and the K11 Art Foundation showcases his dedication to promoting Chinese artists and curators, while his investments in digital assets and transformative industries highlight his adaptability and vision in the evolving global economy.

Investment Focus

• Focus on digital assets and transformative industries
• Target emerging markets including mainland China, Southeast Asia, and the Middle East
• Emphasis on culture, entertainment, sports, media, healthcare, commercial management, and cultural tourism

Portfolio Companies