Caixin
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Fosun
Fosun
NEWS
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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
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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
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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
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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
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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
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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
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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
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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
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Xi will make his first foreign trip since the Covid-19 pandemic began
Sep.14 2022 08:00 AM
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The conglomerate says a notice from the local state assets administrator was a routine request for information
Sep.13 2022 20:04 PM
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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
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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
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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
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Chinese conglomerate plans to expand luxury fashion portfolio with purchase of Belgian gem appraiser
Sep.13 2018 17:47 PM
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Financial asset acquisition is second made by the Chinese conglomerate in the Latin American country
Feb.28 2018 04:28 AM
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Investors in bike-sharing startup still see opportunity in China’s smaller cities despite industry’s rapid expansion
Dec.28 2017 19:27 PM
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The conglomerate becomes the second-largest shareholder of one of China’s oldest beer makers
Dec.21 2017 07:04 AM
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Yescarta cell therapy has been approved in U.S., but Chinese launch has no set date
Dec.7 2017 19:43 PM
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Chinese conglomerate Fosun is selling most of its remaining stake in Minsheng, unwinding investment made in 2011
Sep.22 2017 04:22 AM