Chow Tai Fook Enterprises
Encyclopedia
Chow Tai Fook Enterprises Ltd. is a diversified, Hong Kong
-based company engaged in the property development, hotel
, casino
, transportation, jewelry, port
and telecommunications businesses.
Chow Tai Fook is a private company owned by Dr. Cheng Yu-tung
, who is its chairman, as well as the chairman of New World Development
Co. Ltd.
Chow Tai Fook is the major shareholder
of New World Development Co. Ltd. (HKSE
: 0017). It owns the Marina hotel property in Manila
, the Philippines
.
world. The store has retail outlets in several countries, including over 150 retail outlets in mainland China. By 2010 September, there were 1,000 chain stores in mainland China (including franchisees and its own outlets, and the Chow Tai Fook set up its objective of opening 2,000 chain stores in mainland China by the year of 2020. Chow Tai Fook or CTF, plays a leading role in its market segment for a long time since it foundation, esp. from 1997. For 5 continuous years since 2005, CTF held the No.1 position of market share in its market segment
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
-based company engaged in the property development, hotel
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
, casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
, transportation, jewelry, port
Port
A port is a location on a coast or shore containing one or more harbors where ships can dock and transfer people or cargo to or from land....
and telecommunications businesses.
Chow Tai Fook is a private company owned by Dr. Cheng Yu-tung
Cheng Yu-tung
Cheng Yu-tung GBM is a Hong Kong billionaire with extensive business dealings and real estate interests in both Hong Kong and Macau. He owns the privately-held Chow Tai Fook Enterprises, a conglomerate which operates the Sheraton Marina hotel and controls the publicly listed New World group...
, who is its chairman, as well as the chairman of New World Development
New World Development
New World Development Company Limited , based in Hong Kong, is active in property, infrastructure, services and telecommunications. It was established in 1970 with Dr Ho Sin Hang as Chairman and Chow Chi Yuen as Director and General Manager...
Co. Ltd.
Chow Tai Fook is the major shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
of New World Development Co. Ltd. (HKSE
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
: 0017). It owns the Marina hotel property in Manila
Manila
Manila is the capital of the Philippines. It is one of the sixteen cities forming Metro Manila.Manila is located on the eastern shores of Manila Bay and is bordered by Navotas and Caloocan to the north, Quezon City to the northeast, San Juan and Mandaluyong to the east, Makati on the southeast,...
, the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
.
Chow Tai Fook Jewellery Company
Chow Tai Fook Jewellery Company is a jewellery retailer owned by Chow Tai Fook Enterprises. The brand is popular in the Chinese-speakingSinosphere
In areal linguistics, Sinosphere refers to a grouping of countries and regions that are currently inhabited with a majority of Chinese population or were historically under Chinese cultural influence...
world. The store has retail outlets in several countries, including over 150 retail outlets in mainland China. By 2010 September, there were 1,000 chain stores in mainland China (including franchisees and its own outlets, and the Chow Tai Fook set up its objective of opening 2,000 chain stores in mainland China by the year of 2020. Chow Tai Fook or CTF, plays a leading role in its market segment for a long time since it foundation, esp. from 1997. For 5 continuous years since 2005, CTF held the No.1 position of market share in its market segment