Adrian Cheng, a Hong Kong billionaire and former executive vice-chairman of New World Development. See portfolio, sector focus and contact routes.
Adrian Cheng, a Hong Kong billionaire and former executive vice-chairman of New World Development, founded C Ventures in 2017 alongside investor Clive Ng to fund technology-driven businesses in art, media, and fashion. The firm, now rebranded as C Capital, targets millennial and Gen Z-focused brands across Asia Pacific with an investment focus on fashion, AI, consumer electronics, e-commerce, media, and transportation. C Capital typically deploys $3 million to $50 million per investment at Series A through Series C-plus stages, with a historical average check size of $15 million. Notable portfolio companies include the Chinese social media platform Xiaohongshu, fast-fashion giant Shein, Hong Kong logistics startup Lalamove, and consumer technology firm Nothing. Cheng describes himself as a “cultural entrepreneur” and launched the fund to target what he views as the key consumer market of the 21st century: Millennials and Generation Z in China. In 2024, he announced plans to list C Capital on the Swiss Stock Exchange after the firm was acquired by Swiss investment company Youngtimers, in which he holds a 10% share.
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