Draft:Almad Group

  • Comment: Rewritten again to remove promotional tone and any AI‑style phrasing. Article now only contains basic, verifiable facts drawn from independent news sources, with all forward-looking, mission-oriented, and strategic language removed.
    Kaziw (talk) 14:31, 13 January 2026 (UTC)
  • Comment: Still some AI indicators, as well as a tone that reads like an advertisement in places. Somepinkdude (talk) 14:12, 11 January 2026 (UTC)
  • Comment: Rewrote to address promotional tone and LLM concerns. Include references from independent fintech media analysis (OSL, Finance Magnates, etc.) rather than company press releases for notability.
    Kaziw (talk) 10:23, 11 January 2026 (UTC)
  • Comment: Full of LLM "curated" buzz words and highly promotional in content.
    See WP:NCORP and WP:SIRS for the notability requirements here, but this is an encyclopedia, not an advertising platform. ChrysGalley (talk) 12:05, 27 December 2025 (UTC)


Almad Group
上合發展控股
Company typePrivate
IndustryDigital and Virtual Assets, Cultural Commerce
FoundedSeptember 21, 2025; 4 months ago (2025-09-21) in Hong Kong
FounderAdrian Cheng Chi-kong
Headquarters
Chinese name
Traditional Chinese上合發展控股
Simplified Chinese香港上合发展[1]
Transcriptions
Standard Mandarin
Hanyu PinyinXiānggǎng Shànghé Fāzhǎn
Yue: Cantonese
Jyutpingsoeng5 hap6 faat3 zin2 hung2 gu2

Almad Group, stylised in all caps as ALMAD Group, is an investment company based in Hong Kong. It was founded in September 2025 by businessman Adrian Cheng[1][2][3]. News reports describe the firm as investing in digital assets and other projects in mainland China, Southeast Asia and the Middle East[4][5][6][7].

History

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Adrian Cheng announced the creation of ALMAD Group on 21 September 2025.[citation needed] Forbes China[8] and other outlets[7][9] reported that the firm would invest in sectors such as entertainment, sport, media, healthcare, commercial management and cultural tourism in addition to digital assets[10] across the Chinese mainland, ASEAN, and the Middle East[11].

Activities

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Investment

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In October 2025, ALMAD Group acquired approximately 24% stake of Crisp Momentum[12][13][14], a United States–listed short‑video production company[15]. Hong Kong media reported that Cheng became chairman of the company after the deal[16][17].

In the same month, A2Z, the company's digital‑asset division[18][19], invested in a London-based multi-asset brokerage CBCX[20]. According to the South China Morning Post, the partnership covers trading services in gold, foreign exchange, and other instruments[21].

Projects

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K11 by AC

Under the K11 by AC brand, ALMAD Group signed agreements for several commercial development projects[2].

In September 2025, K11 by AC signed an agreement with the Qingdao West Coast New Area management committee and Changkun Group to build a mixed‑use complex in Qingdao, Shandong[22][23][24].

In May 2025, reports in Yahoo Finance[25] said that Cheng, through ALMAD Group and partners, planned to develop commercial buildings at Canglong Port in Pahang, Malaysia. The media described the partnership as part of the Belt and Road Initiative[26][27].

K11 Select Xiamen, a shopping centre project in cooperation with Xiamen Metro, has also been reported by Hong Kong media[28].

Experience 11

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The company operates Experience 11[29], which hosted One Piece’s “The Great Era of Piracy” exhibition in Guangzhou[30][31].

Gentry Club

Gentry Club is the group’s private members’ club brand that has been reported as part of a collaboration to bring Hong Kong and mainland Chinese consumer brands into the Middle East[32][33][34].

[edit]

References

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  1. ^ a b "郑志刚成立香港上合发展,押注九大革新产业领域". Forbes China. 2025-09-23. Retrieved 2025-12-26.
  2. ^ a b Kong, Fintech News Hong (2025-09-22). "Adrian Cheng Launches ALMAD Group After Exiting New World". Fintech Hong Kong. Retrieved 2025-12-26.
  3. ^ "ALMAD Group | LinkedIn". www.linkedin.com. Retrieved 2025-12-26.[non-primary source needed]
  4. ^ "Adrian Cheng's New Venture: ALMAD Group Enters the Fray, How Does RWA Bridge Real and Digital Wealth?". www.osl.com. Retrieved 2026-01-11.
  5. ^ "New World scion Adrian Cheng launches digital asset firm Almad". The Straits Times. 2025-09-22. ISSN 0585-3923. Retrieved 2025-12-26.
  6. ^ "Adrian Cheng focuses on 'transformative industries' under new firm ALMAD Group". South China Morning Post. 2025-09-21. Retrieved 2025-12-27.
  7. ^ a b "New World scion Adrian Cheng launches firm targeting digital space, emerging markets". Reuters. 2025-09-21. Retrieved 2025-12-27.
  8. ^ Lee, Zinnia. "New World Scion Adrian Cheng Launches Firm To Back Digital Assets And 'Transformative Industries'". Forbes. Archived from the original on 2025-12-12. Retrieved 2025-12-27.
  9. ^ "New World Scion Adrian Cheng Launches Digital Asset Firm ALMAD". Bloomberg. 2025-09-21. Retrieved 2025-12-27.
  10. ^ East, Forbes Middle. "Hong Kong's Adrian Cheng Unveils Firm Backing Digital Assets". Forbes ME. Retrieved 2026-01-11.
  11. ^ "Adrian Cheng Positions Hong Kong as Gateway to ASEAN and Middle East Markets Through ALMAD Group". Yahoo Finance. Archived from the original on 2025-10-09. Retrieved 2025-12-27.
  12. ^ AA STOCKS (2025-10-13). "鄭志剛入股美國短片製作公司Crisp Momentum並擔任董事會主席". Yahoo Finance. Retrieved 2025-12-27.
  13. ^ "CRSF|鄭志剛入股短片製作公司Crisp Momentum 獲任為主席". Finance730 (in Chinese (Hong Kong)). 2025-10-13. Retrieved 2025-12-27.
  14. ^ "Crisp Momentum Inc (CRSF)". www.moomoo.com. Retrieved 2025-12-27.
  15. ^ "Crisp Momentum Inc公司簡介及介紹 - 富途牛牛". www.futunn.com. Retrieved 2025-12-27.
  16. ^ "Crisp Momentum Inc. Names Adrian Cheng Chairman of the Board to Lead Its Global Growth Journey". Fox59. 2025-10-09. Retrieved 2025-12-27.
  17. ^ "Crisp Momentum Appoints Adrian Cheng as Chairman". Webull. Retrieved 2025-12-27.
  18. ^ "ALMAD Group". almadgroup.com. Retrieved 2026-01-11.[non-primary source needed]
  19. ^ 黃捷 (2025-10-27). "鄭志剛以數字資產品牌A2Z創始人身份 入股全球流動性提供商CBCX". 香港01 (in Chinese (Hong Kong)). Retrieved 2026-01-11.
  20. ^ "Adrian Cheng invests in London-based multi-asset broker CBCX". Marketing-Interactive. 2025-10-30. Retrieved 2026-01-11.
  21. ^ "Hong Kong entrepreneur Adrian Cheng backs multi-asset broker CBCX". South China Morning Post. 2025-10-27. Retrieved 2026-01-11.
  22. ^ "K11 by AC Signs Agreement for Qingdao Complex Project w/ Total Investment RMB37.7B". AASTOCKS.COM. Retrieved 2025-12-27.
  23. ^ "香港K11 by AC集团签约山东青岛西海岸新区项目-中新网". www.chinanews.com.cn. Retrieved 2025-12-27.
  24. ^ 黃捷 (2025-09-15). "鄭志剛新動向 參與青島商業項目 建國際化多功能綜合體". 香港01 (in Chinese (Hong Kong)). Retrieved 2025-12-27.
  25. ^ "鄭志剛參與開發「一帶一路」重要港口碼頭項目 (15:44) - 20250528 - 即時財經新聞". 明報財經網 (in Traditional Chinese). Archived from the original on 2025-06-16. Retrieved 2025-12-27.
  26. ^ "According to reports, Zheng Zhigang's K11 is participating in the CSI One Belt & One Road Index Malaysia port project". news.futunn.com. Retrieved 2025-12-27.
  27. ^ "香港企業家鄭志剛參與開發"一帶一路"重要港口碼頭項目 | 社會 - 香港中通社". hkcna.hk. Retrieved 2025-12-27.
  28. ^ 黃捷 (2022-08-01). "K11集團︰K11 Select 購物藝術中心將落戶廈門". 香港01 (in Chinese (Hong Kong)). Retrieved 2025-12-27.
  29. ^ "【藝聞】鄭志剛成立新集團 進軍虛擬資產 發展動漫 | 2025 - The Culturist" (in Chinese (Taiwan)). 2025-09-22. Retrieved 2025-12-27.
  30. ^ "航海王亞洲巡展|沉浸式體驗引爆跨次元消費熱潮 - 香港商報". www.hkcd.com.hk. Retrieved 2025-12-27.
  31. ^ 麥德銘. "鄭志剛動向|上合發展動漫11業務起錨 廣州辦One Piece展、號稱集結逾40+ IP". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2025-12-27.
  32. ^ "鄭志剛進軍中東及北非 夥杜拜皇室升級瓦菲城 引入中港新消費品牌". 星島頭條 (in Chinese (Hong Kong)). 2025-12-11. Retrieved 2026-01-14.
  33. ^ 金融組. "鄭志剛|鄭志剛上合發展控股進軍中東及北非市場 攜手杜拜瓦菲集團推動文化商業版圖". 香港經濟日報HKET (in Traditional Chinese). Retrieved 2026-01-14.
  34. ^ "鄭志剛與杜拜皇室合資 明年為瓦菲城引入代表中國文化品牌進駐". Yahoo Finance.

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