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chowtaifook.com

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Investments

11

Portfolio Exits

2

Partners & Customers

5

About Chow Tai Fook Enterprises

Chow Tai Fook Enterprises (HKG: 1929) is a diversified, Hong Kong-based company engaged in the property development, hotel, casino, transportation, jewelry, port, and telecommunications businesses. Chow Tai Fook Enterprises is primarily known for designing and manufacturing jewelry products, offering gold, platinum, gemstone, diamond, and silver jewelry products, as well as watches and gifts.

Chow Tai Fook Enterprises Headquarter Location

38/F, New World Tower 16-18 Queen’s Road Central

Central,

Hong Kong

(852) 2739 3311

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Latest Chow Tai Fook Enterprises News

Rosewood Hotel Group and Tongpai Hotels Partner With Trip.com to Expand Growth in China

Dec 16, 2020

Intellasia East Asia News 16-Dec-2020 Intellasia | BusinessWire | 4:30 PM HONG KONG--(BUSINESS WIRE)--Rosewood Hotel Group, one of the world’s leading hotel companies whose three-brand portfolio includes New World® Hotels & Resorts, and Tongpai Hotels of Chow Tai Fook Enterprises, have entered into a strategic partnership with Trip.com to mutually expand both hotel brands’ footholds in mainland China. Rezen Hotels Group, a subsidiary of Trip.com, will carry out in-depth cooperation with New World Hotels & Resorts and Tongpai Hotels to grow the brands by leveraging both groups’ distribution networks, technology and customer databases for increased marketing strength and enhanced customer experience. “This partnership, in which all parties will fully utilize their respective advantages and resources, is a testament to our confidence in China’s travel industry and its unlimited potential,” said Sonia Cheng, chief executive officer of Rosewood Hotel Group. “Our China-focused and in-depth alliance with Trip.com Group is a move aligned to our expansion strategy and will further our mission to grow by creating service-oriented hotel brands that deliver transformative travel experiences.” “The collaboration between Trip.com Group, Rosewood Hotel Group and Tongpai Hotels is a pioneering approach within the hotel industry,” said Jane Sun, chief executive officer of Trip.com Group. “The continuing trend of rising consumption power in China is fuelling high demand and the need for sophisticated structures to accommodate; this partnership is an exciting industry innovation to expand brands and generate greater value and enhanced satisfaction for customers.” About Rosewood Hotel Group Rosewood Hotel Group, one of the world’s leading hotel companies, encompasses three brands: ultra-luxury Rosewood Hotels & Resorts® in North America, Caribbean/Atlantic, Europe, the Middle East and Asia; upper-upscale New World® Hotels & Resorts in China and Southeast Asia; and KHOS™, a dynamic global business lifestyle hotel brand. Its combined portfolio consists of more than 40 hotels in 19 countries. For more information, please visit rosewoodhotelgroup.com . About New World® Hotels & Resorts New World® Hotels & Resorts are deluxe business, MICE-focused hotels and resorts in convenient central locations in primary and secondary cities in China, major Asian gateways and popular vacation destinations. A total of nine New World Hotels & Resorts properties are located in Hong Kong, Beijing, Dalian, Guiyang, Wuhan, Malaysia, the Philippines and Vietnam with an affiliated hotel in Shunde. Most are 350+ room hotels offering a full range of relevant amenities and services, including a variety of restaurants, business services, extensive meeting facilities, Residence Club executive floors and recreational options. For more information, please visit  newworldhotels.com . About Tongpai Hotels Tongpai Hotels, launched in 2018, is the newest city hotel and lifestyle brand from Chow Tai Fook Enterprises. Created by Sonia Cheng, chief executive officer of Rosewood Hotel Group, Tongpai Hotels stretches the boundaries of traditional city hotels with new centres of contemporary urban lifestyle that integrate co-living concepts and communal workspace within vibrant social surrounds. Celebrating young, independent professionals, Tong Pai Hotels’ brand philosophy is defined by innovation and style in spaces to share ideas, work together, enjoy dining and rest comfortably for short and long stays. The group’s aim is to provide fashion-forward platforms for millennials to enjoy distinctive and personalised travel experiences in new hotel landmarks that merge trends, interests and social interactions. For more information, please visit tongpaihotels.com About Chow Tai Fook Enterprises Limited Chow Tai Fook Enterprises Limited (“CTFE”) is the flagship private investment holding company of the Cheng family and is part of the group of companies under the “Chow Tai Fook” name founded by the Cheng family in 1929. CTFE is a premier family investor with strategic investments in energy, aircraft leasing, healthcare, education and media; marquee investments in prime real estate and hospitality services; private equity investments in quality growth companies mainly in the technology sector; and a liquid portfolio of equities and bonds. CTFE is also the largest shareholder of New World Development Company Limited (Hong Kong stock code 0017), a constituent stock of the Hong Kong Hang Seng Index with assets of over USD77 billion as of June 2020. CTFE, together with its subsidiaries and jointly controlled entities, has operations in more than 24 countries globally. Contacts

Chow Tai Fook Enterprises Investments

11 Investments

Chow Tai Fook Enterprises has made 11 investments. Their latest investment was in uSMART as part of their Corporate Minority on July 7, 2021.

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Chow Tai Fook Enterprises Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2021

Corporate Minority

uSMART

Yes

1

12/3/2020

Series A - II

CloudTrek

$3.06M

Yes

5

8/14/2020

Private Equity

Evergrande Property Services

$3,032.13M

Yes

2

1/9/2020

Unattributed VC

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$99M

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10

12/5/2019

Series A - III

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$99M

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10

Date

7/14/2021

12/3/2020

8/14/2020

1/9/2020

12/5/2019

Round

Corporate Minority

Series A - II

Private Equity

Unattributed VC

Series A - III

Company

uSMART

CloudTrek

Evergrande Property Services

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Amount

$3.06M

$3,032.13M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

5

2

10

10

Chow Tai Fook Enterprises Portfolio Exits

2 Portfolio Exits

Chow Tai Fook Enterprises has 2 portfolio exits. Their latest portfolio exit was Evergrande Property Services on December 02, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/2/2020

IPO

$991

2

00/00/0000

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$991

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10

Date

12/2/2020

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

10

Chow Tai Fook Enterprises Acquisitions

3 Acquisitions

Chow Tai Fook Enterprises acquired 3 companies. Their latest acquisition was Enzo Jewelry on January 17, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/17/2020

Acquired

3

3/17/2017

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$99M

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10

6/18/2014

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$99M

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10

Date

1/17/2020

3/17/2017

6/18/2014

Investment Stage

Companies

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Valuation

Total Funding

$99M

$99M

Note

Acquired

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Sources

3

10

10

Chow Tai Fook Enterprises Partners & Customers

5 Partners and customers

Chow Tai Fook Enterprises has 5 strategic partners and customers. Chow Tai Fook Enterprises recently partnered with Tencent Holdings on January 1, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

1/7/2019

Partner

Tencent Holdings

China

January 07, 19 by Staff Reporter. Chow Tai Fook Jewellery Group, Tencent Sign WeChat Pay Agreement.

Chow Tai Fook and Tencent Financial Technology will jointly open further collaboration opportunities in `` intelligent consumption '' with an ID verification for Chow Tai Fook membership programme via mobile scanning , providing members with more promotional offers and convenience .

1

5/24/2018

Partner

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10

4/24/2017

Partner

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10

10/19/2015

Partner

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10

Vendor

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10

Date

1/7/2019

5/24/2018

4/24/2017

10/19/2015

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Tencent Holdings

Country

China

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News Snippet

January 07, 19 by Staff Reporter. Chow Tai Fook Jewellery Group, Tencent Sign WeChat Pay Agreement.

Chow Tai Fook and Tencent Financial Technology will jointly open further collaboration opportunities in `` intelligent consumption '' with an ID verification for Chow Tai Fook membership programme via mobile scanning , providing members with more promotional offers and convenience .

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Sources

1

10

10

10

10

Chow Tai Fook Enterprises Team

1 Team Member

Chow Tai Fook Enterprises has 1 team member, including current Senior Vice President, Felix Lee.

Name

Work History

Title

Status

Felix Lee

Senior Vice President

Current

Name

Felix Lee

Work History

Title

Senior Vice President

Status

Current

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