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Fosun Group

Club Med’s Kiroro Peak resort, located in Hokkaido, Japan. Photo: Club Med

China’s Fosun in talks to sell stake in Club Med to Singapore’s CapitaLand

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier.

The firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, seeks to acquire from 20 to 30 per cent of the hotelier

Club Med owner bets on winter sports in China amid skiing craze

Shanghai biotech firm’s shares soar after Fosun’s US$690 million buyout offer

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China’s Fosun International sells German private bank HAL to ABN Amro

The company, one of China’s largest private-sector conglomerates, aims to cut its debts by 10 billion yuan (US$1.38 billion) annually in the next two to three years.

German private bank Hauck & Aufhauser Lampe (HAL) in Munich. The acquisition will increase ABN Amro’s assets by €26 billion (US$28 billion). Photo: Handout

US law firm Mayer Brown to split its Hong Kong operations

Mayer Brown’s Hong Kong partners plan to reestablish their firm as Johnson Stokes & Master, which was the name of the Hong Kong-based entity that merged with Mayer Brown in 2008.

China’s Fosun sells stake in Belgian insurer Ageas to BNP Paribas

More divestments to come, analyst says, as conglomerate aims to cut debts by US$1.38 billion annually in the next two to three years.

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Chinese conglomerate Fosun dumps noncore assets, deleverages to boost financial profile

Chinese conglomerate Fosun International is rapidly offloading assets as it looks to lower debt and concentrate on sustainable businesses

General view of recreational facilities located in front of Atlantis Sanya hotel in Sanya, Hainan province, China April 26, 2018. Photo: Reuters

Fosun unit courts investors days after reports of debt woes at parent firm

Fosun Tourism Group, the leisure and tourism unit of Chinese conglomerate Fosun International, is courting both domestic and international investors in a move that is in line with its asset-light strategy.

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Fosun unit says it is ‘financially sound’ amid Atlantis Sanya stake sale reports

Fosun Tourism Group, the leisure and tourism unit of Fosun International, said on Wednesday that it is “financially sound”, amid reports that its parent firm is mulling the sale of a stake in the luxury resort to cope with debt.

Exclusive | Chinese AI logistics firm picks Hong Kong for international headquarters

Westwell, which makes AI chips and autonomous vehicles for the logistics industry, inaugurates on Tuesday its international headquarters in Hong Kong as a springboard to global expansion.

Westwell’s flagship product, the Q-Truck, is an autonomous, battery-powered commercial vehicle for use in logistics. Photo: Handout

China’s ‘days of runaway growth have gone’, firms urged to thrive overseas

Fosun Group founder Guo Guangchang says China’s private firms have suffered from high debt and heavy asset loads, while Juneyao Group chairman Wang Junjin says entrepreneurs should ‘refuse lying flat’.

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China is widely believed to have reached its annual economic growth target of around 5 per cent for 2023, despite many sectors calling for more policy support to help them weather a host of challenges. Photo: EPA-EFE

Fosun Pharma to deliver China-made surgical robots in key medical milestone

The Fosun Group is looking to make another major leap in the healthcare industry as it prepares to deliver locally-made surgical robots to hospitals.

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China’s hotel operators relish National Day windfall on pent-up holiday demand

The eight-day National Day holiday season promises to deliver a windfall for China’s tourism industry. Pent-up demand could overwhelm capacity, allowing hotel operators to raise prices by as much as 10 times, some of them said.

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Hongkongers head for ski slopes, bucket-list spots as travel rebounds: Club Med

The resort operator, owned by Fosun Tourism, said people are now spending 23 per cent more and staying 10 per cent longer than they did before the pandemic.

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Club Med’s resort Pragelato Sestriere in Italy. Photo: Handout

Fosun Tourism’s Club Med to build resorts in Hainan as Chinese tourists return

Club Med aims to build one or two more resorts in Hainan province, most likely in major cities such as Sanya and Wenchang, while parent Fosun Tourism is optimistic about posting a profit after back-to-back losses in 2021 and 2022.

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Chinese tourists at a beach in Sanya, Hainan province. The end of travel restrictions is likely to boost the fortunes of travel companies in China. Photo: Visual China Group via Getty Images

Club Med lures Singapore, Malaysia tourists to snowy destinations

The resort operator reports a ‘strong rebound’ as the reopening of mainland China, coupled with pent-up demand everywhere, bodes well for the pandemic-battered tourism sector.

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Shanghai Fosun sees mainland demand for Omicron-focused BioNTech shot in Hong Kong

Long queues of mainland Chinese nationals looking to receive the mRNA vaccine have been seen outside Hong Kong clinics following a re-opening of the border.

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Explainer | 21 private-sector firms tout China economy in state-TV showcase

Executives of 21 private-sector businesses, including Alibaba, JD.com, Fosun and Blue Moon, appear in a CCTV programme that signals Beijing’s determination to revive entrepreneur confidence.

The headquarters of China state broadcaster CCTV in Beijing. Photo: Getty Images

Chinese distributor offers bivalent jabs in Hong Kong to mainlanders from next week

Bivalent BioNTech jab services offered on platform operated by Shanghai Fosun Pharmaceutical Group, which includes 299 yuan booking fee.

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Fosun International to sell stakes in four companies for US$975 million

Heavily indebted Fosun International has been selling some assets as it faced questions about its financial strength in recent months.

Fosun mulls sale of Indian drug maker Gland valued at US$3.6 billion

A sale of Hyderabad-based Gland, which specialises in injectable drugs such as antibiotics, oncology and cardiology treatments, will help Fosun raise cash and shore up its balance sheet.

Fosun Pharma is in talks with prospective buyers to sell its stake in India’s Gland Pharma. Photo: Reuters

Fosun to sell stake in Nanjing Iron & Steel for US$2.1 billion, source says

Fosun International, which holds a 58.92 per cent stake in Shanghai-listed Nanjing Iron & Steel, is close to finalising a deal with Jiangsu Shagang Group, a source said.

The logo of Chinese conglomerate Fosun is seen on top of a building in Beijing. Photo: AFP

Fosun sells assets amid credit downgrades, liquidity pressure

Fosun International has sold some of its peripheral assets to raise almost US$100 million in cash in recent weeks, as credit rating cuts heighten concerns about the conglomerate’s financial strength.

Exclusive | Club Med’s owner Fosun denies it is under regulators’ debt scrutiny

Fosun International has denied reports that regulators had sought information on potential credit exposure from lenders.

Executives at China’s biggest online dating firm arrested for embezzlement

An undisclosed number of executives at Chinese an online-dating company have been arrested for alleged financial embezzlement, Fosun says, following a social media post about their disappearance.

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A financial scandal has erupted at the company behind China’s biggest matchmaking and wedding platforms. Photo: Getty Images

Which luxury fashion brand will Lanvin acquire next?

Inside the upcoming plans of China’s Fosun International Ltd., from New York Stock Exchange additions to breaking into the Gen Z market

China’s Fosun International Ltd., which owns Lanvin among other brands, is looking to add to its fashion portfolio. Photo: Handout

Lanvin aims to woo US consumers via Shopify ahead of New York listing

Fosun International’s fashion group Lanvin said it will partner with Canadian e-commerce website Shopify to bring European brands to US consumers.

Fosun sees profit rise, set to make generic Pfizer, Merck Covid-19 pills

Shanghai Fosun Pharmaceutical Group is looking into which of its existing plants can be used to manufacture generic versions of Pfizer’s nirmatrelvir, which is sold under the Paxlovid brand name, and Merck’s molnupiravir.

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Fosun Group
Fosun International (Hong Kong stock code 00656.HK), the parent of Fosun Group, listed in Hong Kong in July 2007. Fosun Group said it mainly invests in sectors that will significantly benefit from growth in China’s domestic demand, such as consumption, financial services, resources and energy, and manufacturing. 
Chairman / President
Guo Guangchang
CEO / Managing Director
Xu Xiaoliang
CFO / Finance Director
Xu Xiaoliang
Industry
Conglomerate
Website
fosun.com
Headquarters address
Room 808, ICBC Tower, 3 Garden Road, Central, Hong Kong
Stock Code
SEHK:00656
Year founded
1992
last updated:
30 September, 2024
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