Founded in 1929 in Guangzhou, China, this Hong Kong-based, privately owned conglomerate is also engaged in property development, hotels, transportation, energy and telecommunications.
Chow Tai Fook, however, is still best known for its jewellery, especially in mainland China, where (according to its interim report for 2018/19) it has over 2,600 retail outlets alone.
Its founder’s son, Chow Yu-tung, recently died at age 91 in 2016. The group is now in the hands of his son, Mr Henry Cheng. In the six months to September 30, 2018, he oversaw a year-on-year increase in core operating profit of 24.7 per cent to 2.9 billion HKD (approximately $369.4 million).
