Adrian Cheng Chi-kong has launched a new business focused on "transformative industries", including culture and healthcare, nearly three months after the third-generation scion of New World Development (NWD) left the company. His new enterprise, ALMAD Group, will target markets in Southeast Asia and the Middle East, as well as mainland China, with a mission to break "boundaries in digital and virtual assets", it said in a statement. The group owns the "K11 by AC" brand. "We are living in an era of profoun ...