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Fosun
Fosun
NEWS

Debt-laden conglomerate gets banks including ICBC, China Minsheng, Shanghai Pudong and HSBC to pony up funds for high-tech, advanced manufacturing and biomedical sectors
Jan.13 2023 02:55 AM

Acquisition of contract development and manufacturing organization and shareholder loan will expand the Chinese drugmaker’s footprint in Europe
Dec.2 2022 04:05 AM

Billionaire Guo Guangchang says the sprawling conglomerate has 270 billion yuan in total assets versus 100 billion yuan in liabilities at the group level
Nov.12 2022 19:15 PM

Offloading Nangang Iron & Steel may be the beginning of the end, or a fresh start for the debt-laden giant
Nov.2 2022 15:46 PM

Chinese conglomerate with stakes in Club Med, Lanvin, drugs, retailing and tourism moves to shore up balance sheet and dumps Moody’s following downgrades
Oct.26 2022 03:37 AM

The conglomerate will transfer its 60% shareholding in Nanjing Nangang Iron & Steel United to metals giant Jiangsu Shagang Group
Oct.17 2022 20:25 PM

A record number of Chinese cities report Covid cases during the National Day holiday. JD.com’s Richard Liu settles a lawsuit with his rape accuser
Oct.7 2022 09:01 AM

Lending syndicate including ICBC and China Minsheng Bank may start releasing credit next month to bail out troubled conglomerate, banking sources say
Oct.1 2022 03:55 AM

Xi will make his first foreign trip since the Covid-19 pandemic began
Sep.14 2022 08:00 AM

The conglomerate says a notice from the local state assets administrator was a routine request for information
Sep.13 2022 20:04 PM

CanSino’s net income fell 99% in the first half, while Fosun reported a decline of more than one-third
Aug.30 2022 19:56 PM

There’s a long way to go in rolling out the advanced shots for China as Western companies control patents and Chinese companies face technological barriers
Apr.19 2022 21:57 PM

For want of an additional $249 million demanded by creditors, the indebted tour operator filed for liquidation this week
Sep.25 2019 13:02 PM

Apr.24 2019 14:48 PM

Chinese conglomerate plans to expand luxury fashion portfolio with purchase of Belgian gem appraiser
Sep.13 2018 17:47 PM

Financial asset acquisition is second made by the Chinese conglomerate in the Latin American country
Feb.28 2018 04:28 AM

Investors in bike-sharing startup still see opportunity in China’s smaller cities despite industry’s rapid expansion
Dec.28 2017 19:27 PM

The conglomerate becomes the second-largest shareholder of one of China’s oldest beer makers
Dec.21 2017 07:04 AM

Yescarta cell therapy has been approved in U.S., but Chinese launch has no set date
Dec.7 2017 19:43 PM

Chinese conglomerate Fosun is selling most of its remaining stake in Minsheng, unwinding investment made in 2011
Sep.22 2017 04:22 AM
- Feb 23, 2022 08:00 AM
- Feb 23, 2022 08:00 AM
- Feb 23, 2022 08:00 AM
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