Fosun International

Fosun International Limited is a Chinese multinational conglomerate holding company.[4]

Founded in 1992 by Guo Guangchang and four others, the company is headquartered in
Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Qiyu and Xu
Xiaoliang. Wang Qunbin joined Guo Guangchang as co-chairman in early 2020.[5] The company
is located in 16 countries and is one of the largest privately owned conglomerates in China. It
was ranked 371st on the Forbes Global 2000 ranking in 2020.[6]

History

1990s

Fosun Group was founded in 1992 as the Guangxin Technology Development Company by five
graduates[7] of Fudan University in Shanghai:[8] Guo Guangchang,[9] Liang Xinjun,[10] Wang
Qunbin[11] (Chinese: 汪群斌), Fan Wei [12]
(Chinese: 范伟), and Tan Jian (Chinese: 谈剑).[9]
Fosun
started its business by doing market research.[13] The major holding company of the group,
Fosun High Technology, was incorporated in 1994 in mainland China. Then Fosun extended its
business into the healthcare industry (as Fosun Pharmaceutical),[14] real estate,[15][16] and steel
etc.[17][18]

2000s
In 2004, a new holding company of the group,
Fosun International Limited was incorporated Fosun International Limited

in Hong Kong. In July 2007, Fosun

International was listed on the main board of
Type Public
the Stock Exchange of Hong Kong as
SEHK:656.[19][20] Traded as SEHK: 656 (https://w
ww.hkex.com.hk/Mar
ket-Data/Securities-P
2010s rices/Equities/Equitie
s-Quote?sym=656&sc
_lang=en)
During 2011, the three major growth engines
of Fosun, industrial profits, investment profits Industry Conglomerate
and asset management profits rose rapidly,
Founded 1992 (predecessor)
enabling Fosun to make strides toward its
1994 (as Fosun Hi-
vision of becoming "a premium investment
tech)
group with a focus on China's growth
24 December 2004
momentum".[21] (as Fosun Intl.)

From 2010 through 2015, Fosun spent billions Founder Guo Guangchang

buying foreign firms in the healthcare, tourism, Liang Xinjun

fashion, and banking industries in the US and Wang Qunbin

Europe. These included France's Club Med, Fan Wei
Britain's Thomas Cook Group,[22] Canada's
Tan Jian
Cirque du Soleil,[23] American clothing label St
Headquarters Shanghai, China
John, and Greek jeweler Folli Follie.[24][25] At
the end of 2014 Fosun acquired the US insurer Hong Kong
(registered office)
Meadowbrook for around $433 million,
marking the first full purchase of a US insurer Key people Co-Chairman: Guo
Guangchang
by a Chinese company.[26] Fosun also
Co-Chairman: Wang
purchased Australian oil company Roc Oil, its
Qunbin
first acquisition in the petroleum industry.[27]
Co-CEO: Chen Qiyu

On 11 December 2015, the chairman of Fosun, Co-CEO: Xu Xiaoliang

Guo Guangchang, was reported missing. Guo
Services Diversified
however reappeared on 14 December 2015 at Investments
a Fosun board of directors meeting. During his
Revenue
disappearance, Fosun requested that trading US$25.4 billion[1][2] (2021)
of shares be temporarily suspended.[28] The Net income
US$1.6 billion[1][2] (2021)
Fosun board of directors issued a statement
Total assets
saying that Guo was assisting in a US$126.48 billion[1] (2021)
government inquiry which, in their opinion, did
Number of 71,000[3] (2019)
not present a “material adverse impact” on employees
Fosun's finances or operations.[29]
Parent Fosun International
On 21 July 2016, it was confirmed that Fosun Holdings

had bought the English football club

Chinese name
Wolverhampton Wanderers from its previous
owner Steve Morgan for an estimated £45 Simplified Chinese 复星国际有限公司
million. Under Fosun's ownership, Wolves have
progressed from being a mid table side in the Traditional Chinese 復星國際有限公司
Football League Championship (second tier of
Transcriptions
English football) to finishing seventh in the FA
Premier League, reaching an FA Cup semi- Standard Mandarin

final and qualifying for the UEFA Europa

Hanyu Fùxīng Guójì Yǒuxiàn
League.[30][31][32]
Pinyin Gōngsī

In 2016 Fosun began to invest in India.[33]

Fosun International
“Delhivery” was one such investment made in
2017,[34] in addition to previous investments in Simplified Chinese 复星国际
MakeMyTrip, India's largest online travel
company and Gland Pharma.[35] Fosun is also
Traditional Chinese 復星國際
involved in the Indian real estate market.[36] Transcriptions

On 28 August 2019, Thomas Cook Group Standard Mandarin

announced that the group "had agreed the

Hanyu Pinyin Fùxīng Guójì
main terms of a rescue package that will see
Hong Kong’s Fosun Tourism take over its tour Website en.fosun.com (http
s://en.fosun.com/)
operations and creditor banks and
bondholders acquire its airline"[37]

In early November 2019, Fosun said it would purchase the Thomas Cook brand for £11m. The
company viewed itself as a "potential saviour" by purchasing the name.[38]

2020s
In March 2020, the company acquired a 55.4% equity interest in French jewelry brand Djula.[39]
They also signed an agreement in July 2020 with a high-end Italian jewelry group to develop the
Damiani and Salvini brands in China.[40] In August 2020 the company bought a 30% stake in
Jinhui Liquor for $262 million.[41]

Response to COVID-19 pandemic

During the coronavirus pandemic of 2020, Fosun Pharmaceuticals partnered with German
biotech firm Biopharmaceutical New Technologies (BioNTech)[42] to produce and distribute the
COVID-19 mRNA vaccine BNT162b2. Once approved, Fosun will market the vaccine in China, and
BioNTech will retain the rights to sell it internationally.[43][44][45]

Fosun was part of an alliance of Chinese companies that donated medical supplies to 23
countries during the COVID-19 pandemic.[46]

In March 2020, Fosun brought medical supplies to Milan, Italy, including 5,500 protective suits
and 40,000 N95 respirator masks together with the Longfor Group and Beijing Taikiang Yicai
Foundation. This donation was in addition to 5,000 masks that had been donated to Milan's
municipal government earlier by Fosun.[47]

Fosun launched the Global anti-Virus Relief Scheme which created a forum for China, the US, the
UK, and Portugal to share information and experience about COVID-19 in early March 2020.
Several companies have also joined the effort, including Baidu, New Oriental, Xiaomi and
Sequoia Capital. Fosun has distributed close to 4 million units of medical supplies around the
world, including surgical masks, protective suits, and diagnostic reagents.[48]

Fosun donated medical protection supplies to South Korea in two shipments in March, 36,000
early in the month and additional 22,000 later in the month.[49] The company also donated
supplies to the UK, Japan[50] and India.[51]

At the end of March 2020, the Chinese National Medical Products Administration gave Fosun
Pharmaceutical emergency approval for the use of a novel coronavirus nucleic acid detection kit
that it developed.[52][53]

Fosun, Haitong Securities, and the Portuguese football agency Gestifute brought 461 kilos
representing 58,400 units of medical supplies to Shanghai’s sister city in Portugal, Porto at the
end of March 2020.[54][55]
Fosun delivered medical supplies in several shipments during March 2020 to the city of
Wolverhampton, UK, the home of the Wolves football team, which is owned by Fosun.[56]

The company donated N95 masks to New York's NYU Langone Medical Center and Mount Sinai
Hospital as well as similar donations to hospitals in Chicago, Boston, New Jersey, California and
elsewhere in the United States.[57][58] The Coalition of Asian-American IPA (CAIPA) accepted
7,000 N95 masks from Fosun, and then distributed them to hospitals throughout the New York
area during March 2020.[59]

Business structure

Fosun has a wide array of business activities, including investing in other firms, managing a
number of private equity funds, and entering joint ventures.

Equity investments

Fosun has invested in a number of businesses throughout different sectors, such as asset
management, insurance, and industrial operations.

Asset management

IDERA (98.00%)[60]

China Financial Services Holdings (SEHK: 605 (https://www.hkex.com.hk/Market-Data/Securit

ies-Prices/Equities/Equities-Quote?sym=605&sc_lang=en) , 4.9%)

Fosun Eurasia Capital (in Russia)[61]

Hauck & Aufhäuser (99.91%)[60]

Resolution Property (in UK)[61]

Rio Bravo Investmentos (in Brazil)[62]

Banking

Banco Comercial Português (27.06%)[63]

China Minsheng Bank (2.22%)[64]

Mybank (25.00%)[60]

Entertainment
 Cirque du Soleil (25% via private equity funds managed by Fosun International and associated
company Yuyuan Tourist Mart)[61]

Studio 8 (60%)[61]

Wolverhampton Wanderers F.C.[65]

Fashion

Ahava (99.46%)[60]

Caruso (73.90%)[60]

Folli Follie (10%, additional 3.89% stake held by Pramerica-Fosun China Opportunity Fund)[60]

Lanvin[60]

Silver Cross (87.23%)[60]

St John (70.00%)[60][66]

Tom Tailor (28.89%)[60]

Wolford[60]

Food and drink

Jinhui Liquor

Sanyuan Foods (20.45%)[60]

St Hubert (98.12%)[60]

Tsingtao Brewery (17.99%)[60]

Industrial operations

Cainiao (6.77%)[60]

Delhivery (6.5%)[61]

Fosun Pharmaceutical (37.94%)[60][67]

Gland Pharma[60]

Hainan Mining (51.57%)[60]

Fosun High Technology (100%)[61]

Roc Oil (100%)[60]

Sinopharm Group[60]
 Sisram Medical[60]

Zhaojin Mining (3.57%)[61]

Insurance

Ameritrust Group (100%)[60]

Fidelidade (84.99%)[60]

Fosun United Health Insurance (20.00%)[60]

NAGICO Insurances (through Peak Reinsurance)[68]

Peak Reinsurance (86.93%)[60]

Pramerica Fosun Life Insurance (50.00%)[60]

New China Life Insurance (3.28%)[69]

United Family Healthcare[60]

Yong'an P&C Insurance (40.68%)[60]

Investment

Fosun Finance (86%)[61]

Fosun Hani Securities (100%)[60]

Miacom Diagnostics[70]

Guide Investimentos (in Brazil)[71]

Media

Focus Media (5.00%)[60]

Private hospitals

Chancheng Hospital[60]

Luz Saúde (98.79%)[60]

Starcastle Senior Living (50.00%)[60]

Real estate

Shanghai Forte Land (100%)[60][72]

Shanghai Zendai Property (14.0%)[61]

Fosun Property Holdings (100%)[61]

126 Madison Avenue (New York)[73]
 28 Liberty Street (New York)[61]

73 Miller Street (Sydney)[74]

a project in Donggang (Dalian) (64%)[61]

Citigroup Center (Tokyo)[75]

Lloyds Chambers (London)[61]

The Bund Finance Center (50.00%)[60]

Retail

Secret Recipe[76]

Yuyuan Tourist Mart (26.45%)[61][60]

Technology

iFlytek (strategic minority stake)

Perfect World[77]

The Floow Limited (15%)[78]

WeDoctor[60]

Tourism

Atlantis Sanya Resort (99.81%)[60][79]

Club Med (90.10%)[60]

MakeMyTrip (1%)[61]

Thomas Cook Holidays

Fosun-managed private equity funds

Carlyle-Fosun[61]

Fosun Capital[61]

Fosun RZ Capital[61]

Fosun Chuanghong[61]

Ji'nan Financial Development Investment Fund[61]

Pramerica-Fosun China Opportunity Fund[61]

Shanghai Sunvision Binhe Equity Investment Center[61]

 Shanghai Sunvision Xicheng Equity Investment Center[61]

Star Capital (Shanghai Star Equity Investment L.P.)[61]

Weishi Fund[61]

Zhejiang Growth Fund[61]

Joint ventures

Nanjing Nangang Iron and Steel United (60% share capital, 50% voting rights)[61][60]
Besino Environment (100%)[60]

Koller (84.50%)[60]

Nanjing Iron and Steel Company (SSE: 600282 (http://english.sse.com.cn/markets/equiti

es/list/overview/?COMPANY_CODE=600282&STOCK_CODE=600282) , 48.19%)[61]

Pramerica–Fosun Life Insurance (50%)[61]

Former equity investments

China Huarong Asset Management[80]

Ironshore[81]

Thomas Cook Group Plc (5.76% via Fidelidade) - Entered Compulsory Liquidation 23
September 2019[61]

Shareholders

The major shareholder of Fosun International was a Hong Kong incorporated company Fosun
Holdings,[61] which was a wholly owned subsidiary of British Virgin Islands incorporated
company Fosun International Holdings. Three founders of Fosun International, Guo Guangchang,
Liang Xinjun and Wang Qunbin, owned 64.45%, 24.44% and 11.11% respectively in Fosun
International Holdings.[61] Fan Wei, another founder, withdrew his stake in Fosun International
Holdings in September 2015.[61]

References

1. "Fosun International Announces 2021 Annual Results: Total Revenue Increased by 18% to RMB161.29
Billion, Striving to Pursue Steady and Sustainable Development" (https://finance.yahoo.com/news/fos
un-international-announces-2021-annual-145700631.html) . Yahoo! Finance. 23 March 2022.
 2. Sundarkumar, Amruth (25 March 2022). "Fosun Reports 26% Profit Jump in 2021" (https://bondevalue.
com/news/fosun-reports-26-profit-jump-in-2021/) . BondEvalue.

3. . June 2020 https://ir.fosun.com/static-files/93b4a5da-8531-4ee3-ae2a-32a6cbe48fe1 (https://ir.fosu

n.com/static-files/93b4a5da-8531-4ee3-ae2a-32a6cbe48fe1) . Retrieved 20 June 2020. {{cite
web}}: Missing or empty |title= (help)

4. "BLANK" (https://web.archive.org/web/20150924014910/http://www.fosun-international.com/en/co
mpany/) . www.fosun-international.com. Archived from the original (http://www.fosun-international.c
om/en/company/) on 24 September 2015. Retrieved 6 February 2008.

5. Zhao, Shirley (21 February 2020). "Fosun Names Co-Chairman, Picks Two Presidents as Co-CEOs" (htt
ps://www.bloomberg.com/news/articles/2020-02-21/fosun-names-wang-qunbin-co-chairman-two-pre
sidents-as-co-ceos) . Bloomberg. Retrieved 27 February 2020.

6. "2020 Forbes Global 2000" (https://www.forbes.com/global2000/#3c652d49335d) . Forbes.

Retrieved 20 June 2020.

7. "Fosun loses one more founding member" (http://www.ejinsight.com/20170331-fosun-loses-one-more

-founding-member/) . EJ Insight. 31 March 2017. Retrieved 10 February 2020.

8. "Life on the go for Fosun Group CEO" (https://www.fosun.com/language/en/p/3459.html) . Fosun.

31 May 2012. Retrieved 10 February 2020.

9. hermes (21 December 2015). "Fosun chairman Guo Guangchang: Farmer's son with a streak of
enterprise" (https://www.straitstimes.com/asia/east-asia/fosun-chairman-guo-guangchang-farmers-s
on-with-a-streak-of-enterprise) . The Straits Times. Retrieved 10 February 2020.

10. Flannery, Russell. "Liang Xinjun, Billionaire Co-Founder Of China Investment Firm Fosun, Departs As
CEO" (https://www.forbes.com/sites/russellflannery/2017/03/28/liang-xinjun-billionaire-co-founder-of
-china-investment-firm-fosun-departs-as-ceo/) . Forbes. Retrieved 10 February 2020.

11. "Wang Qunbin" (https://www.forbes.com/profile/wang-qunbin/) . Forbes. Retrieved 10 February

2020.

12. "Fan Wei" (https://www.forbes.com/profile/fan-wei/) . Forbes. Retrieved 10 February 2020.

13. Taylor, Ian (19 July 2019). "Fosun: What you need to know about the Chinese conglomerate set to take
a majority stake in Thomas Cook" (http://www.travelweekly.co.uk/articles/338134/fosun-what-you-ne
ed-to-know-about-the-chinese-conglomerate-set-to-take-a-majority-stake-in-thomas-cook) . Travel
Weekly. Retrieved 10 February 2020.

14. Bhalla, Mohit (18 April 2018). "China's Fosun emerges as the fourth contender for cash-strapped Fortis
healthcare" (https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/chinas-fo
sun-emerges-fourth-contender-for-cash-strapped-fortis-healthcare/articleshow/63806040.cms) .
The Economic Times. Retrieved 10 February 2020.
15. Babar, Kailash (20 September 2019). "Fosun invests 800 crore in realty venture with Ahuja
Constructions" (https://economictimes.indiatimes.com/industry/services/property-/-cstruction/fosun
-invests-800-crore-in-realty-venture-with-ahuja-constructions/articleshow/71210765.cms?from=md
r) . The Economic Times. Retrieved 10 February 2020.

16. "London Real Estate | Chinese Buyers | Fosun International" (https://therealdeal.com/2018/10/06/wha

t-capital-controls-this-chinese-company-is-still-buying-real-estate-overseas/) . The Real Deal New
York. 6 October 2018. Retrieved 10 February 2020.

17. Equity, Private; Management, Strategic; China. "Fosun Group's Guo Guangchang: Marrying Chinese
Momentum to Global Resources" (https://knowledge.wharton.upenn.edu/article/fosun-groups-guo-gu
angchang-marrying-chinese-momentum-global-resources/) . Knowledge@Wharton. Retrieved
10 February 2020.

18. Zhang, Wenxian; Alon, Ilan (2010). A Guide to the Top 100 Companies in China (https://books.google.c
om/books?id=At9pDQAAQBAJ&pg=PA142) . World Scientific. ISBN 978-981-4291-46-0.

19. Anderlini, Jamil (11 December 2015). "SubChina's Warren Buffett' caught up in Beijing probe" (https://
www.ft.com/content/74233bfe-9fa2-11e5-beba-5e33e2b79e46) . www.ft.com. Retrieved 22 January
2020.

20. "Fosun International (SEHK:656) - Share price, News & Analysis" (https://simplywall.st/stocks/hk/capit
al-goods/hkg-656/fosun-international-shares) . Simply Wall St. Retrieved 22 January 2020.

21. "Fosun International Limited Annual Results 2011" (http://media.corporate-ir.net/media_files/IROL/13/

130462/PPT_2011_ENG_V20_Final.pdf) (PDF). Media.corporate-ir.net. March 2012. Retrieved
29 January 2020.

22. "Britain's Thomas Cook soars after China's Fosun buys stake" (https://www.reuters.com/article/us-tho
mas-cook-m-a-fosun-comment-idUSKBN0M20Q820150306) . Reuters. 6 March 2015. Retrieved
3 February 2020.

23. "Cirque du Soleil sells majority stake to U.S., Chinese investors" (https://www.reuters.com/article/us-ci
rquedusoleil-m-a-tpg-idUSKBN0NB1AX20150420) . Reuters. 20 April 2015. Retrieved 3 February
2020.

24. "Bloated but still bingeing" (https://www.economist.com/news/business/21700406-chinas-leading-ind

ustrial-conglomerate-needs-shed-debt-bloated-still-bingeing) . The Economist. ISSN 0013-0613 (http
s://www.worldcat.org/issn/0013-0613) . Retrieved 15 June 2016.

25. "China's Fosun joins bidding war for Portuguese hospital operator" (https://www.bbc.com/news/busin
ess-29321688) . BBC News. 23 September 2014. Retrieved 23 September 2014.

26. China's Fosun to buy U.S. insurer to help finance acquisition spree (https://www.reuters.com/article/u
s-meadowbrook-ins-m-a-fosun-intl-idUSKBN0K81MH20141231) . Reuters, 30 December 2014
27. "Fosun Edges Out Competitor for Australia's Roc Oil" (https://blogs.wsj.com/moneybeat/2014/08/04/f
osun-edges-out-competitor-for-australias-roc-oil/) . The Wall Street Journal. 4 August 2014.
Retrieved 14 April 2017.

28. Chinese tycoon Guo Guangchang reported missing. (https://www.bbc.co.uk/news/business-350684

63) , BBC News, 11 December 2015. Retrieved 11 December 2015.

29. "Another turn of the screw" (https://www.economist.com/news/business/21684147-detention-fosuns-

boss-shows-even-chinas-biggest-tycoons-are-no-longer-safe) . The Economist. ISSN 0013-0613 (http
s://www.worldcat.org/issn/0013-0613) . Retrieved 30 December 2015.

30. "Wolves qualify for Europa League after Man City win FA Cup" (https://www.bbc.co.uk/sport/football/4
8303846) . BBC Sport. 18 May 2019. Retrieved 19 July 2020.

31. "Fosun Group Takes Over Wolves" (http://www.wolves.co.uk/news/article/2016-17/news-fosun-group-

takes-over-wolves-3198807.aspx) . Wolverhampton Wanderers. 21 July 2016.

32. "Wolves bought by Chinese conglomerate Fosun International for £45m" (https://www.bbc.co.uk/spor
t/football/36852323) . BBC Sport. 21 July 2016. Retrieved 30 July 2016.

33. Pani, Priyanka (12 October 2016). "Fosun eyes Indian start-ups with $200-m fund" (https://www.thehin
dubusinessline.com/companies/fosun-eyes-indian-startups-with-200m-fund/article9211995.ece) .
The Hindu Business Line. Retrieved 24 February 2020.

34. Gooptu, Biswarup; Ganguly, Payal (23 May 2017). "Delhivery secures $30M from Fosun International"
(https://tech.economictimes.indiatimes.com/news/startups/delhivery-secures-30m-from-fosun-intern
ational/58783413) . ETtech.com. Retrieved 24 February 2020.

35. Biswarup Gooptu; Payal Ganguly (23 May 2017). "Delhivery secures $30M from Fosun International" (h
ttps://tech.economictimes.indiatimes.com/news/startups/delhivery-secures-30m-from-fosun-internat
ional/58783413) . ET Tech. The Economic Times. Retrieved 23 May 2017.

36. sharma, Ravi Teja (15 September 2016). "Enter the dragon: China's Fosun International plans to invest
$1 billion via realty private equity platform" (https://economictimes.indiatimes.com/industry/banking/
finance/enter-the-dragon-chinas-fosun-international-plans-to-invest-1-billion-via-realty-private-equity-pl
atform/articleshow/54340153.cms) . The Economic Times. Retrieved 24 February 2020.

37. "Chinese poised to acquire world's oldest travel firm as Thomas Cook agrees key rescue terms" (http
s://uk.reuters.com/article/uk-thomas-cook-grp-investment-fosun/uk-holiday-firm-thomas-cook-agrees
-key-terms-of-rescue-deal-idUKKCN1VI0JJ?il=0) . Reuters. 28 August 2019. Retrieved 28 August
2019.

38. "Thomas Cook brand sold to Club Med owner Fosun for £11m" (https://www.bbc.com/news/business-
50267453) . BBC News. 1 November 2019. Retrieved 2 November 2019. "He said: "The acquisition of
the Thomas Cook brand will enable the group to expand its tourism business building on the extensive
brand awareness of Thomas Cook and the robust growth momentum of Chinese outbound tourism.""
39. Spencer, Mimosa (27 March 2020). "Fosun's Jewelry Unit Yuyuan to Buy Majority Stake in Djula" (http
s://wwd.com/accessories-news/jewelry/fosuns-jewelry-unit-yuyuan-buy-majority-stake-djula-12035
48561/) . WWD. Retrieved 21 September 2020.

40. Zhang, Tianwei (10 July 2020). "Fosun's Jewelry Unit Yuyuan Scores Damiani Group China License" (ht
tps://wwd.com/accessories-news/jewelry/fosun-jewelry-unit-yuyuan-scores-damiani-group-china-lice
nse-1203672198/) . WWD. Retrieved 21 September 2020.

41. "Chinese conglomerate Fosun's Yuyuan to buy 30% stake in Jinhui Liquor for $262m" (https://www.dea
lstreetasia.com/stories/fosun-yuyuan-jinhui-liquor-196315/) . DealStreetAsia. Retrieved
21 September 2020.

42. Reuters, Daily Sabah with (18 March 2020). "Turkish-owned biotech firm signs deal with China's Fosun,
US' Pfizer to co-develop coronavirus vaccine" (https://www.dailysabah.com/life/science/turkish-owne
d-biotech-firm-signs-deal-with-chinas-fosun-us-pfizer-to-co-develop-coronavirus-vaccine) . Daily
Sabah. Retrieved 21 April 2020.

43. "BioNTech in China alliance with Fosun over potential coronavirus vaccine" (https://www.reuters.com/
article/us-biontech-fosunpharma-vaccine-collabor-idUSKBN2130O5) . Reuters. 16 March 2020.
Retrieved 21 April 2020.

44. Cookson, Clive (16 March 2020). "Fosun and BioNTech launch $135m vaccine hunt for coronavirus" (h
ttps://www.ft.com/content/271ee270-6796-11ea-800d-da70cff6e4d3) . www.ft.com. Retrieved
21 April 2020.

45. "China's drugs sector may see 'explosive' growth as Covid-19 spurs research" (https://www.scmp.co
m/business/companies/article/3079847/china-will-become-more-influential-worlds-drug-market-ru
sh) . South China Morning Post. 14 April 2020. Retrieved 21 April 2020.

46. Flannery, Russell. "Act Globally: China's Fosun International Guo Guangchang On Lessons From
COVID-19 Pandemic" (https://www.forbes.com/sites/russellflannery/2020/04/15/act-globally-chinas-f
osun-international-guo-guangchang-on-lessons-from-covid-19-pandemic/) . Forbes. Retrieved
21 April 2020.

47. "Chinese firms donate medical supplies to Italy - Xinhua | English.news.cn" (http://www.xinhuanet.co
m/english/2020-03/15/c_138880508.htm?from=groupmessage&isappinstalled=0) .
www.xinhuanet.com. Retrieved 21 April 2020.

48. 李齐. "Fosun launches relief scheme to help regions hit by virus - Chinadaily.com.cn" (http://epaper.chi
nadaily.com.cn/a/202004/14/WS5e95091ca3100c35fcd81d0e.html?from=groupmessage&isappinsta
lled=0) . epaper.chinadaily.com.cn. Retrieved 27 April 2020.

49. " "The flowers are blooming, and the hope is dawning": Fosun donates 22,000 pieces of medical
protective supplies to South Korea-PR Newswire APAC" (https://en.prnasia.com/story/274447-0.sht
ml) . en.prnasia.com. Retrieved 27 April 2020.
50. "Fosun joins global battle against coronavirus" (https://www.shine.cn/biz/company/2003043410/) .
SHINE. Retrieved 27 April 2020.

51. Makichuk, Dave (25 March 2020). "Fosun bolsters Portugal in virus fight" (https://asiatimes.com/202
0/03/portugal-to-receive-60000-medical-supplies-from-china/) . Asia Times. Retrieved 27 April 2020.

52. "Boris Johnson tests positive for coronavirus; Fosun test cleared in China" (https://www.spglobal.co
m/marketintelligence/en/news-insights/latest-news-headlines/boris-johnson-tests-positive-for-corona
virus-fosun-test-cleared-in-china-57788213) . www.spglobal.com. Retrieved 27 April 2020.

53. "Shanghai Fosun receives emergency approval in China for COVID-19 test" (https://www.spglobal.co
m/marketintelligence/en/news-insights/latest-news-headlines/shanghai-fosun-receives-emergency-a
pproval-in-china-for-covid-19-test-57775166) . www.spglobal.com. Retrieved 27 April 2020.

54. "Shanghai donations head to Portugal, Poland" (https://www.shine.cn/news/metro/2003255065/) .

SHINE. Retrieved 6 May 2020.

55. Makichuk, Dave (25 March 2020). "Fosun bolsters Portugal in virus fight" (https://asiatimes.com/202
0/03/portugal-to-receive-60000-medical-supplies-from-china/) . Asia Times. Retrieved 6 May 2020.

56. Brassington, Jamie. "Wolves' owners Fosun donate protective clothing to help city fight coronavirus"
(https://www.expressandstar.com/news/health/2020/03/21/wolves-owners-fosun-donate-2300-piece
s-of-protective-clothing-to-the-city/) . www.expressandstar.com. Retrieved 6 May 2020.

57. "Fosun Continues Joining Hand with Other Benevolent Enterprises in Donating Medical Supplies, to
Hospitals in the U.S." (https://www.ptcommunity.com/wire/fosun-continues-joining-hand-other-benevo
lent-enterprises-donating-medical-supplies-hospitals) P&T Community. 1 April 2020. Retrieved
6 May 2020.

58. CAIPA. "Two Founders of Fosun and Its Foundation Donated 7,000 N95 Masks to Support CAIPA's
COVID 19 Hospital Relief Efforts" (https://www.prnewswire.com/news-releases/two-founders-of-fosu
n-and-its-foundation-donated-7-000-n95-masks-to-support-caipas-covid-19-hospital-relief-efforts-3010
41693.html) . www.prnewswire.com. Retrieved 10 November 2020.

59. CAIPA. "Two Founders of Fosun and Its Foundation Donated 7,000 N95 Masks to Support CAIPA's
COVID 19 Hospital Relief Efforts" (https://www.wfmz.com/news/pr_newswire/pr_newswire_health/tw
o-founders-of-fosun-and-its-foundation-donated-7-000-n95-masks-to-support-caipas/article_dd4a079
0-f5b7-5aeb-ac69-b2d24be28e4e.html) . WFMZ.com. Retrieved 6 May 2020.

60. "Fosun Annual Report 2017" (http://media.corporate-ir.net/media_files/IROL/19/194273/e-Annual%20

Report%20(Eng).pdf) (PDF). Retrieved 23 April 2020.

61. "2015 Annual Report" (http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0428/LTN20160428

889.pdf) (PDF). Fosun International. Hong Kong Stock Exchange. 28 April 2016. Retrieved
19 November 2016.
62. "Chinesa Fosun confirma compra da gestora Rio Bravo" (http://www.valor.com.br/financas/4652851/c
hinesa-fosun-confirma-compra-da-gestora-rio-bravo) . Valor.com.br (in Portuguese). Valor
Econômico. 29 July 2016. Retrieved 6 October 2016.

63. "Banco Comercial Português, S.A. informs about increased qualified holding of Chiado, an affiliate of
Fosun" (http://web3.cmvm.pt/sdi/emitentes/docs/PQ65733.pdf) (PDF) (Press release). 11
September 2017.

64. "2016 Interim Report" (http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0922/LTN20160922

928.pdf) (PDF). China Minsheng Bank. Hong Kong Stock Exchange. 22 September 2016. Retrieved
20 November 2016.

65. Edwards, Joe. "Fosun believed to be open to new Wolves investment" (https://www.expressandstar.co
m/sport/football/wolverhampton-wanderers-fc/2019/09/14/fosun-believed-to-be-open-to-selling-wolv
es-stake/) . www.expressandstar.com. Retrieved 13 January 2020.

66. 宋静丽. "Fosun furthers efforts to tap fashion market - Chinadaily.com.cn" (https://global.chinadaily.co
m.cn/a/201802/27/WS5a94c4f4a3106e7dcc13e515.html) . global.chinadaily.com.cn. Retrieved
13 January 2020.

67. Kang, Xiaoxiao (5 March 2013). "Fosun Pharma bidding $22.5 mln for U.S. Saladax" (https://web.archi
ve.org/web/20130326212635/http://www.morningwhistle.com/html/2013/Company_Industry_0305/
217415.html) . Morning Whistle. Archived from the original (http://www.morningwhistle.com/html/2
013/Company_Industry_0305/217415.html) on 26 March 2013. Retrieved 3 April 2013.

68. "Fosun subsidiary completes acquisition of 50% stake in Caribbean insurer NAGICO Holdings" (http://
www.chinagoabroad.com/en/recent_transaction/fosun-s-unit-completes-the-acquisition-of-a-50-stake
-in-caribbean-region-based-insurer-nagico) . www.chinagoabroad.com. Retrieved 26 May 2019.

69. "Insurer jumps on Fosun move - Business - Chinadaily.com.cn" (http://www.chinadaily.com.cn/busines

s/2016-08/12/content_26444606.htm) . www.chinadaily.com.cn. Retrieved 13 January 2020.

70. "miacom diagnostics GmbH teams up with Fosun Diagnostics, a Diagnostic Division of Shanghai
Fosun Pharmaceutical Group" (http://www.businesswire.com/news/home/20140714005525/en/miac
om-diagnostics-GmbH-teams-Fosun-Diagnostics-Diagnostic) . Business Wire. 14 July 2014.

71. "Chinesa Fosun fecha compra de 70% da Guide Investimentos" (https://valor.globo.com/financas/noti

cia/2017/09/12/chinesa-fosun-fecha-compra-de-70-da-guide-investimentos.ghtml) . valor.globo.com
(in Portuguese). Valor Econômico. 12 September 2017. Retrieved 9 October 2019.

72. "China's Fosun to buyout Forte Land for $320 million" (https://www.reuters.com/article/fosun-shangha
iforteland-idUSTOE70J07Y20110120) . Reuters. 20 January 2011. Retrieved 27 July 2017.

73. Young, Michael (4 June 2019). "126 Madison Avenue, aka Madison House, Tops-Out 62 Stories and
805 Feet Above NoMad" (https://newyorkyimby.com/2019/06/126-madison-avenue-tops-out-51-storie
s-and-756-feet-above-nomad.html) . New York YIMBY. Retrieved 13 January 2020.
74. "Fosun Acquires Sydney Office Tower for $93M" (https://www.mingtiandi.com/real-estate/outbound-in
vestment/fosun-acquires-sydney-office-tower-for-93m-as-chinese-catch-aussie-fever/) . Mingtiandi.
27 January 2015. Retrieved 13 January 2020.

75. "China's Fosun Buys Second Tokyo Office Tower in Five Months" (https://www.mingtiandi.com/real-est
ate/outbound-investment/fosun-buys-second-tokyo-office-tower-within-five-months/) . Mingtiandi.
21 December 2014. Retrieved 13 January 2020.

76. "Fosun joins hands with Secret Recipe of Malaysia" (https://web.archive.org/web/20160404124543/ht

tp://www.fosun.com/en/news/detail.html?id=1401) . Fosun. 15 February 2014. Archived from the
original (http://www.fosun.com/en/news/detail.html?id=1401) on 4 April 2016. Retrieved 4 April
2016.

77. "Fosun International Thinks Perfect World Is Perfect" (http://www.insidermonkey.com/blog/fosun-inter

national-thinks-perfect-world-is-perfect-254766/) . Insider Monkey. Retrieved 13 January 2020.

78. "£13M Investment in technology firm The Floow Limited" (http://www.thefloow.com/blog/13m-invest

ment-for-technology-firm-the-floow.html) . 6 March 2017.

79. "China Fosun dials up tourism push with $1.74 billion Atlantis Sanya luxury resort" (https://www.reuter
s.com/article/us-fosun-intl-tourism-idUSKBN1HZ08O) . Reuters. 28 April 2018. Retrieved 23 April
2020.

80. "China Huarong Asset Management Co., Ltd. issues new shares for $2.4 Billion" (https://www.iairevie
w.org/scheda_legal.php?idl=114) . www.iaireview.org. Retrieved 13 January 2020.

81. "Liberty Mutual to Acquire Ironshore from China's Fosun for $3 Billion" (https://www.insurancejournal.c
om/news/national/2016/12/05/433967.htm) . Insurance Journal. 5 December 2016. Retrieved
13 January 2020.

External links

Official website (https://en.fosun.com/)

Retrieved from
"https://en.wikipedia.org/w/index.php?
title=Fosun_International&oldid=1098103561"
Last edited 1 month ago by GreenC bot