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Emperor Group
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This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (October 2011) |
Key Information
Emperor Group is a Hong Kong conglomerate founded by Albert Yeung. Albert Yeung's father, Mr Yeung Shing, opened a watch shop named "Shing On Kee Watch Shop" in 1942, setting the business foundation.[3]
History
[edit]As of 1989, the Emperor Group's investments included a printing service, investment and property holdings, the wholesale and retailing of furniture, infoline and money-lending services, securities and future brokerage services, entertainment, laser disc and video rental, and the supply of equipment for the pager business and Taiwan and mainland China. In 1992, it acquired 30% of the shares of the Hong Kong Daily News (Chinese: 新報; lit. 'new newspaper').[4]
Listings
[edit]Six companies within the Group are listed on the Main Board of The Stock Exchange of Hong Kong:
- Emperor International Holdings Limited (SEHK: 163, real estate);
- Emperor Watch and Jewellery Limited (SEHK: 887);
- Emperor Entertainment Hotel Limited (SEHK: 296, hotel and gaming businesses in Macau);
- Emperor Capital Group Limited (SEHK: 717, financial services);
- Emperor Culture Group Limited (SEHK: 491, entertainment, media and cultural development business);
- Ulferts International Limited (SEHK: 1711, chain retailing of upmarket European furniture);
- New Media Lab Limited (SEHK: 1284, digital advertising).
Subsidiaries
[edit]Financial services
[edit]Established in 1978, the Emperor Financial Capital Group is now one of the largest financial services institutions in Hong Kong.[5] It has also expanded to Macau and Southeast Asia. The group has two arms:[6]
Emperor Financial Services Group, engaged in the business of forex, bullions and precious metals.
- Emperor International Exchange (Hong Kong) Company Limited is a licensed forex dealer in Hong Kong.
- Emperor Bullion Investments (Asia) Limited offers bullion and precious metals trading services, providing bullion transaction services to individual customers.
- Emperor Gold and Silver Online Limited provides Loco London Gold and Loco London Silver online margin trading services.
- Emperor Consultant Limited Specially established for investor education. It organizes seminars, provides informative resources and offers consultation services.
Emperor Capital Group Limited (SEHK: 717) mainly provides brokerage services in securities and futures. It has been listed on the main board of the Stock Exchange of Hong Kong since April 2007.
Watches and jewellery
[edit]Emperor Watch & Jewellery Limited (SEHK: 887) was founded in 1942 by Yeung Shing. The company is a retailer of timepieces and a manufacturer of jewellery.[7] On 22 March 2011, the firm announced its 2010 annual results, reporting revenue of approximately HK$4,095 million, an increase of 52.5%.[8]
Property
[edit]Real estate investment and property development of Emperor Group are mainly managed by Emperor International Holdings Limited (SEHK: 163). Formally established in 1990, its operations were originally limited to Hong Kong. From 2005, the group began to acquire a number of properties in Macao. Beginning in 2006, the group has engaged in property development projects in Beijing. As of February 2011, the total value of the group's properties was HK$20 billion. In Hong Kong, the group has become the second largest landlord of ground-floor shop spaces on Russell Street in Causeway Bay where retail rents have risen to become the second highest in the world, ranking only below that of Fifth Avenue in New York.[9]
Entertainment
[edit]Emperor Entertainment Group (EEG) was established in 1999. Its major businesses include production and distribution of local and foreign records, music publishing, talent management and concert production. The company is also engaged in theater, film and TV production, multimedia and merchandise licensing, retail and other businesses.[10] Emperor Motion Pictures (Chinese: 英皇電影,[11] known as EMP) is a film producer and distributor, part of the Emperor Group. Originally, the company is known as Fitto Movie Co, Ltd. and it is owned by Fitto Entertainment, a company known for distributing karaoke albums and it is also distributes many other VCD and LaserDisc titles under the new label, Fitto Mobile Laser Distribution Co, Ltd. Emperor Group acquired Fitto Movie Co, Ltd. in 2000.
Emperor Cinemas will be renovating the UA Cine Times Cinema at Times Square in Causeway Bay and expect to open for business before end of 2021.[12]
Hospitality
[edit]Opened in 2006, Grand Emperor Hotel is located in Macau and offers dining, accommodations as well as gaming and entertainment facilities. It is managed by Emperor Entertainment Hotel Limited (SEHK: 296),[13] a gaming business of its parent company Emperor International Holdings Limited.
Media
[edit]New Media Group principally engages in magazine publishing and distribution, as well as in providing a marketing platform through advertising spaces to clients. Its flagship titles include Oriental Sunday, Weekend Weekly, New Monday (NM+), Sunday Kiss and Economic Digest. The Group has actively developed its digital business in recent years and transformed into a multimedia platform. The group also owns a printing house named Hong Kong Daily Offset Printing to support the printing of the books and magazines.[14]
Furniture
[edit]Established in 1975, Ulferts is a furniture chain store in Hong Kong dealing in European brand furniture. In 1979, the firm started the production and sales of its proprietary mattress products under the "Ulfenbo" brand name.[15]
Food and beverage
[edit]The Group owns a diversity of restaurants, including Golden Valley, Michelin Star winner of 7 consecutive years since 2011, as well as sassy leisure outlets, dragon-i and TAZMANIA BALLROOM.[16]
Esports
[edit]EES owns three professional eSports teams – G-REX (PUBG), G-REX Infinite (PUBG) and G-REX (LOL). Hong Kong's first professional, world champion League of Legends player Toyz, joined EES as Chief Team Manager.[17]
Co-working space
[edit]Emperor Group's first co-working space, Mustard Seed, is located at Emperor Group Centre, Wan Chai, providing young entrepreneurs with resources, partnership opportunities, community affiliations as well as leasing options at a concessionary rent no higher than half of the market rental. The project has participated in the "Space Sharing Scheme for Youth" to support start-ups and young entrepreneurs.[18] Mustard Seed is no longer in operation.
References
[edit]- ^ "Emperor scion gets vice-chairman role".
- ^ "Emperor scion gets vice-chairman role".
- ^ Chairman's Profile from Emperor Group Archived 2 December 2014 at the Wayback Machine
- ^ Rawnsley, Gary D.; Rawnsley, Ming-Yeh T. (2003). Political Communications in Greater China: The Construction and Reflection of Identity. Routledge. pp. 197, 201. ISBN 9781135786755.
- ^ [1] Emperor Financial Capital Group, About Us
- ^ [2] Emperor Financial Capital Group, About Us
- ^ [3] Archived 10 August 2011 at the Wayback Machine Emperor Watch & Jewellery Limited, About Us
- ^ [4][permanent dead link] "Emperor Watch & Jewellery almost doubles profits in 2010". The luxury project. Retrieved 6 September 2011.
- ^ [5] Emperor Group, Property
- ^ [6] Emperor Group, Entertainment & Films
- ^ 英皇電影(香港)有限公司 – 香港 (in Chinese). Hong Kong Trade Development Council. Retrieved 27 March 2011.
繼2003年港產片票房冠軍「千機變」及「飛龍再生」外,我們積極參與製作及發行多元化電影,包括:「千機變II」、「情癲大聖」、「戰‧鼓」、「功夫灌籃」、「功夫之王」,以及分別由中國著名導演姜文和陳凱歌執導的「太陽照常升起」及「梅蘭芳」。我們亦有發行外語猛片,如「色慾都市」,並一直全球發行「成龍英皇影業」多部電影,包括「寶貝計劃」、「新警察故事」及「神話」。此外,由爾冬陞執導,成龍主演的最新作品「新宿事件」,也屬我們出品及發行。
[permanent dead link] - ^ "英皇戲院進駐時代廣場 英皇電影副主席楊政龍感到高興". Sing Tao News. 2021-05-27
- ^ [7] Emperor Group, Hospitality
- ^ "New Media Group Holdings CONTINUING CONNECTED TRANSACTIONS RENEWAL OF ANNUAL CAPS" (PDF). Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited. Archived (PDF) from the original on 21 August 2018.
- ^ [8] Emperor Group, Furniture
- ^ [9] Emperor Group, Food & Restaurants
- ^ Emperor Esports Star. "Emperor Esports Star".
- ^ "Youth Development Commission – Youth Development Programmes – Startup – Space Sharing Scheme for Youth". Government of Hong Kong. Retrieved 22 August 2018.
External links
[edit]Emperor Group
View on GrokipediaOverview
Company profile
Emperor Group is a diversified conglomerate based in Hong Kong, originally established in 1942 as Shing On Kee, a modest watch retailer founded by Yeung Shing, the father of current chairman Albert Yeung. Over the decades, it has evolved from its roots in timepieces into a multifaceted holding company with operations spanning multiple industries. Headquartered at 28/F, Emperor Group Centre, 288 Hennessy Road, Wan Chai, Hong Kong, the group maintains a prominent presence across Asia, including key markets in mainland China and Macau.[6] The company's diversification encompasses property development and investment, financial services, luxury watch and jewellery retail, entertainment and cultural productions, hospitality, digital media, and furniture manufacturing.[7] As a private holding entity, Emperor Group oversees seven subsidiaries listed on the Main Board of The Stock Exchange of Hong Kong Limited, providing strategic direction and investment across these sectors.[7] In terms of scale, the group's operations through its listed subsidiaries generate combined annual revenues exceeding HK$8 billion, as evidenced by recent financial reports from major units such as Emperor Watch & Jewellery Limited (HK$5.23 billion in 2024) and Emperor International Holdings Limited (HK$1.38 billion for the year ended March 2025).[8][9] It employs approximately 1,500 people across its businesses, supporting a broad portfolio that emphasizes luxury and lifestyle sectors in the region.[10]Key personnel
Dr. Albert Yeung serves as the founder and Chairman of Emperor Group. The company's roots trace back to the Shing On Kee Watch Shop established by his father, Yeung Shing, in 1942. Born in Hong Kong with roots in Chiu Chow, Guangdong, Yeung began his entrepreneurial journey by opening his own watch and jewellery store on Nathan Road in Kowloon in 1964, expanding it into a diversified conglomerate spanning financial services, property, entertainment, and luxury goods over more than five decades. His background in business was complemented by ventures into the entertainment industry, where he founded Emperor Entertainment Group, fostering synergies across sectors and driving the group's international presence. Under Yeung's leadership, the company has emphasized staff cohesion and opportunistic expansion, while his philanthropic efforts through the Emperor Foundation and Albert Yeung Sau Shing Charity Foundation have earned him awards such as the "China Charity Award – Most Caring Individual Donor" since 2005.[1] Mr. Alex Yeung, son of Dr. Albert Yeung, acts as Vice Chairman of Emperor Group, playing a pivotal role in family succession planning. Having joined the group to learn from his father and veteran executives, Alex Yeung brings a focus on innovation and creativity to sustain business growth amid economic shifts. He incorporates perspectives from younger generations to enhance potential in areas like entertainment and culture, while prioritizing sustainable development and community engagement, particularly youth initiatives in Hong Kong. This succession approach underscores the family's commitment to blending tradition with modern strategies in the group's diversification efforts.[11] The leadership team reflects Emperor Group's family-controlled structure, with the Yeung family dominating key positions to guide its diversification strategy from retail origins into multiple sectors. Ms. Cindy Yeung, daughter of Dr. Albert Yeung and a third-generation leader, serves as Chairperson and CEO of Emperor Watch and Jewellery, the group's flagship division, leveraging over 25 years of experience in the industry to introduce proprietary jewellery collections and expand retail networks across Hong Kong, mainland China, Macau, and Singapore. Ms. Daisy Yeung, another daughter, holds the position of Chairperson of Emperor Capital Group Limited, overseeing financial services operations. Non-family executives include Ms. Vanessa Fan, Group Managing Director since the 1990s, who handles strategic planning and executive functions across subsidiaries, and Ms. Semon Luk, Chairperson of Emperor International Holdings Ltd. and Emperor Entertainment Hotel Ltd., contributing to property and hospitality management. The board composition, blending family members with experienced professionals, ensures aligned decision-making that has propelled the group's evolution into a multinational enterprise while maintaining tight governance.[12][13][14][15]History
Origins and early years
The Emperor Group traces its origins to 1942, when Yeung Shing established Shing On Kee Watch Shop at 149 Shanghai Street in Kowloon, British Hong Kong, initially specializing in the retail and repair of watches and clocks. This modest venture laid the foundation for the company's future growth amid the challenges of wartime Hong Kong, focusing on essential timepiece services for local residents.[16] Following World War II, the business recovered steadily during the 1950s, benefiting from Hong Kong's post-war economic resurgence. Shing On Kee expanded its operations by building a larger team and diversifying its product offerings to include a broader range of watches and related accessories, solidifying its reputation as a reliable retailer and repair service in the colony. This period marked the shop's transition from survival to modest prosperity, capitalizing on increasing demand for quality timepieces in a rebuilding society.[16] In the late 1950s, Albert Yeung, Yeung Shing's son born in 1943, began actively contributing to the family business as a teenager, driving its modernization and expansion. By 1964, at age 21, he opened his own outlet, Observatory Watch Shop, at 499 Nathan Road in Kowloon, extending the family's reach into new commercial districts. This initiative paved the way for further growth, including the establishment of Emperor Watch & Jewellery Company in 1965 at Jade Mansion in Kowloon, where Albert secured the prestigious Omega dealership at just 22 years old.[16][2] The 1960s and 1970s saw Albert Yeung consolidate key milestones in watch distribution, enhancing the group's networks through strategic partnerships. In 1967, he obtained the Rolex dealership, elevating the company's status among luxury retailers in Hong Kong. By 1969, the first Tsim Sha Tsui branch of Emperor Watch & Jewellery opened at 81 Nathan Road, marking the beginning of a multi-location retail presence and establishing robust distribution channels for high-end brands across the region. These developments shifted the focus from repair services to a more expansive retail model, setting the stage for broader diversification while maintaining the core emphasis on watches.[16]Diversification and expansion
In the 1970s, Emperor Group began a strategic diversification push, expanding beyond its core watch retail operations into financial services, property, and other sectors to broaden its revenue base. By 1989, the group's investments encompassed printing services, property holdings, and furniture wholesale and retail, marking a shift toward a more conglomerate-like structure. This momentum continued into the 1990s, with the establishment of Emperor International Holdings Limited in 1990 to focus on property development and investment, and further growth in financial services through real-time stock trading and brokerage activities that positioned Emperor as a dominant player in Hong Kong's market.[16] The group also ventured into entertainment and media during this period. In 1991, Emperor acquired Emperor (China Concept) Investments Ltd., which was later restructured and renamed Emperor Entertainment Hotel Limited in 2005 to support hospitality and entertainment initiatives. A notable media entry occurred in 1992 when the group acquired a 30% stake in Hong Kong Daily News, tapping into publishing and content distribution. By 1999, Emperor founded Emperor Entertainment Group to manage artist development and music production, followed by the launch of Emperor Motion Pictures in 2000 to produce and distribute films, solidifying its presence in the entertainment industry.[16] Key expansions in the 2000s further diversified the portfolio, particularly in hospitality and luxury retail. In 2006, the Grand Emperor Hotel opened in downtown Macau, offering luxury accommodations and enhancing the group's regional footprint in tourism-driven markets. The watches and jewellery division saw significant revenue growth, reporting HK$4,095.3 million in 2010, a 52.4% increase from the previous year, fueled by expansion into mainland China and demand from tourists. This period also featured initial public offerings (IPOs) of subsidiaries to raise capital and unlock value, including Emperor Capital Group Ltd. in 2007 (Stock Code: 717) for financial services and Emperor Watch & Jewellery Ltd. in 2008 (Stock Code: 887).[17][16][18] By the early 2010s, these efforts had built a robust property portfolio, with Emperor International Holdings valuing its investment properties at approximately HK$20 billion following revaluations in 2011, reflecting strategic acquisitions and developments in Hong Kong and Macau. The IPOs and expansions not only diversified risk but also contributed to the group's overall scale, with subsidiaries like Emperor Culture Group Limited listing in 2016 (Stock Code: 491) to support ongoing entertainment growth.[19][16]Recent developments and challenges
The COVID-19 pandemic severely disrupted Emperor Group's entertainment and hospitality divisions starting in early 2020, leading to operational closures and financial strain across its Macau casino operations and Hong Kong cinemas. In response to the outbreak, Emperor Entertainment Hotel Limited, a key subsidiary, temporarily ceased its satellite casino business at Grand Emperor Hotel in Macau effective June 2022 due to pandemic-induced difficulties, resulting in a 51.4% year-on-year revenue drop to HK$108.6 million for the six months ended September 2022. Operations later resumed under an extended agreement, but the hospitality sector faced prolonged low occupancy rates and travel restrictions, exacerbating losses in hotel revenues. To adapt, the group undertook renovations in its entertainment assets, such as the UA Cine Times cinema at Times Square in Causeway Bay, which was extensively refurbished and reopened as Emperor Cinemas @ Times Square on December 9, 2021, with an increased seating capacity of 917.[20][21][22][23][24][25] In 2024 and 2025, Emperor Group pursued asset sales and disposals to manage liquidity amid ongoing market pressures in Hong Kong's property sector. For instance, Emperor International Holdings Limited, a major property arm, agreed in October 2025 to sell a London property for HK$229.4 million, marking a strategic divestment to streamline its portfolio. Additionally, the group announced the disposal of its entire equity interest in a target company as part of broader restructuring efforts. These moves reflect efforts to reduce exposure to underperforming assets in a challenging real estate environment. In October 2025, Emperor Entertainment Hotel terminated its gaming operations agreement with SJM Resorts, S.A., effective October 31, 2025, ending satellite casino activities at Grand Emperor Hotel as part of Macau's gaming restructuring.[26][27][25] A significant challenge emerged in Emperor International Holdings' debt profile, with HK$16.6 billion in overdue bank loans reported as of March 31, 2025, contributing to a full-year net loss of HK$4.74 billion for the fiscal year ended March 2025—more than double the prior year's HK$2.04 billion loss. This crisis, tied to Hong Kong's property slump and rising interest rates, led to potential immediate repayment demands and a 16% share price drop on June 30, 2025. In August 2025, the company secured support from a coordination committee of banks to extend approximately HK$16.5 billion in overdue loans until July 31, 2027, after offering HK$77 million in cash incentives, providing temporary relief but highlighting ongoing vulnerabilities.[28][5][29][30] Amid these difficulties, Emperor Group achieved positive milestones, including recognition for sustainability efforts. In June 2025, Emperor Properties was honored in the Hubexo Asia Awards 2025 as one of Hong Kong's Top 10 Developers for pioneering sustainable property development. Furthermore, in January 2025, the group aligned its hospitality strategies with the Hong Kong government's Development Blueprint for Hong Kong's Tourism Industry 2.0, which aims to enhance the city's role as a world-class destination through innovation and community-driven growth, supporting recovery in its entertainment and hotel segments.[31][32]Corporate structure
Stock exchange listings
Emperor Group maintains a presence on the Hong Kong Stock Exchange through seven key publicly traded subsidiaries, each focusing on distinct sectors within the conglomerate's diversified portfolio. These listings provide the group with access to public capital markets and reflect its operational scale across real estate, finance, retail, entertainment, hospitality, digital media, and consumer goods. As of November 2025, the combined market capitalization of these entities approximates HK$5 billion, underscoring the group's market valuation despite sector-specific volatilities.[7] The primary listed subsidiaries include:| Subsidiary | Stock Code | Primary Focus | Listing Date | Market Capitalization (November 2025, HKD) |
|---|---|---|---|---|
| Emperor International Holdings Limited | 163 | Real estate investment and property development | 18 June 1991 | 1.14 billion |
| Emperor Capital Group Limited | 717 | Financial services, including brokerage and asset management | 24 April 2007 | 721 million |
| Emperor Watch and Jewellery Limited | 887 | Retail of luxury watches and fine jewellery | 21 July 2008 | 2.14 billion |
| Emperor Culture Group Limited | 491 | Entertainment, media, and cultural development, including film production and cinema operations | 10 June 1992 (as predecessor See Corporation) | 112 million |
| Emperor Entertainment Hotel Limited | 296 | Hospitality and gaming services | 10 November 1994 | 315 million |
| New Media Lab Limited | 1284 | Digital advertising solutions and media services | 17 July 2023 | 231 million |
| Ulferts International Limited | 1711 | Retailing of upmarket European furniture | 29 January 2018 | 71 million |
