Adrian Cheng, the Beijing heir to a real estate fortune worth $9bn, is developing a new brand of art malls designed to incubate artistry and curate creativity throughout Asia. The K11 Art Foundation is expected to become a bridge for Chinese millennials to step into the contemporary arts ecosystem. It's hoped that the foundation’s museums and galleries will merge the cultural arts scene with commerce, as the mall concept is designed to generate funding through art retail, ensuring sustainability for the foundation to grow. The recent success of the K11 Kunsthalle in Hong Kong has provided inspiration for Mr Cheng’s continuing experimentations in this emerging market for China.
Adrian Cheng, the Hong Kong heir to a real estate fortune worth $9bn, is developing a new brand of art malls designed to incubate artistry and curate creativity throughout Asia. The K11 Art Foundation is expected to become a bridge for Chinese millennials to step into the contemporary arts ecosystem. It's hoped that the foundation’s museums and galleries will merge the cultural arts scene with commerce, as the mall concept is designed to generate funding through art retail, ensuring sustainability for the foundation to grow. The recent success of the K11 Kunsthalle in Beijing has provided inspiration for Mr Cheng’s continuing experimentations in this emerging market for China.