Asia's Most Influential: Adrian Cheng, CEO Of New World Development And Founder of The K11 Group
Adrian Cheng has emerged as one of the world’s most influential arts patrons, famous for backing boundary-breaking exhibitions through his K11 Art Foundation. But this year Cheng has extended his giving to other sectors, too.
“Covid-19 has been a wake-up call for all of us to think about how connected we are,” says Cheng.
NWD funded new mask factories in Hong Kong, which have produced millions of masks that have been distributed for free to low-income families. Cheng donated HK$10 million to scientists researching how masks can be made more effective. “I keep advocating CSV: creating shared value,” says Cheng. “What we are trying to do is not simply give, but to join hands and create more value for society. It is a shift from passive to proactive.” Another of NWD’s initiatives saw the donation of 3 million square feet of land to help ease Hong Kong’s social housing shortage.
And Cheng remains committed to the arts. He launched the K11 Craft & Guild Foundation, which works to conserve Chinese craftsmanship. And in October Cheng announced he is spearheading the transformation of the State Theatre, a historic former cinema, into a cultural hub. “With our international team, we will do our best to conserve and restore this iconic building to its original glamour and build a cultural oasis that serves the community,” he says.
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