New World’s Adrian Cheng says a chat over cigars with Alibaba’s Tsai inspired his virtual land foray

Adrian Cheng Chi-kong, the third-generation scion of Hong Kong conglomerate New World Development, said his idea of buying a piece of land in a virtual world was partly sparked by the South China Morning Post’s foray into The Sandbox and a conversation with Joe Tsai, vice chairman of Post-owner Al

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