1. History

2. Businesses
    Private equity funds managed  Joint ventures 

3. Equity investments
    Former portfolio companies 

4. Shareholders

5. References

6. External links

History

Fosun Group was founded in 1992 by five graduates of Fudan University: Guo Guangchang, Liang Xinjun, Wang Qunbin ({{zh|s=汪群斌}}), Fan Wei ({{zh|s=范伟}}), and Tan Jian ({{zh|s=谈剑}}).{{citation needed|date=September 2014}} The major holding company of the group, Fosun High Technology was incorporated in 1994 in the mainland China.

In the 1990s, Fosun started its business by doing market research. Then Fosun extended its business into the healthcare industry, real estate, etc. In 2004, a new holding company of the group, Fosun International Limited was incorporated in Hong Kong. In July 2007, Fosun International was listed on the main board of the Stock Exchange of Hong Kong as {{SEHK|656}}.

During 2011, the three major growth engines of Fosun, industrial profits, investment profits and asset management profits rose rapidly, enabling Fosun to make strides toward its vision of becoming "a premium investment group with a focus on China's growth momentum".{{Citation needed|date=September 2014}}

From 2010 through 2015, Fosun spent billions buying foreign firms in the healthcare, tourism, fashion, and banking industries in the US and Europe. These included France's Club Med, Britain's Thomas Cook Group, Canada's Cirque du Soleil, American clothing label St John, and Greek jeweler Folli Follie.^[4][5] At the end of 2014 Fosun acquired the US insurer Meadowbrook for around $433 million, marking the first full purchase of a US insurer by a Chinese company.^[6] Fosun also purchased Australian oil company Roc Oil, its first acquisition in the petroleum industry.^[7]

On 11 December 2015, it was reported that the chairman of Fosun, the billionaire Guo Guangchang, had disappeared, and it was speculated that he had been questioned by government authorities in an inquiry stemming from Party General Secretary Xi Jinping’s anti-corruption efforts. Guo however reappeared on 14 December 2015 at a Fosun board of directors meeting. During his disappearance, Fosun requested that trading of shares be temporarily suspended.^[8] The Fosun board of directors issued a statement saying that Guo was assisting in a government inquiry which, in their opinion, did not present a “material adverse impact” on Fosun's finances or operations.^[9]

On 21 July 2016, it was confirmed that Fosun had bought the English football club Wolverhampton Wanderers from its previous owner Steve Morgan for an estimated £45 million.^[10][11]

Fosun has invested in India & is having considerable exposure in India. “Delhivery” is one such investment apart from investment in pharmaceutical company.^[12] Fosun is also going to enter Indian Real Estate Market.

Businesses

Fosun's businesses cover industrial operations, investment, asset management, and insurance with many subsidiary companies in each business.

Industrial operations:

• Fosun Pharmaceutical (40.02%)^[13][14]
• Hainan Mining (54.0%)^[15]
• Fosun High Technology (100%)^[15]

Investment:

• Fosun Finance (86%)^[15]
• Fosun Hani Securities (100%)
• Miacom Diagnostics^[15]
• Secret Recipe^[16]
• St John, an American fashion brand that specializes in women's knitwear{{citation needed|date=November 2016}}
• Perfect World{{citation needed|date=November 2016}}

Asset management:

• IDERA (in Japan)^[15]
• Resolution Property (in UK)^[15]
• Fosun Eurasia Capital (in Russia)^[15]
• Rio Bravo Investmentos (in Brazil)^[17]

Insurance:

• Peak Reinsurance (85.1%)^[15]
• Fidelidade (85.0%)^[15]

Real estate:

• Shanghai Forte Land (99.15%)^[15][18]
• Fosun Property Holdings (100%)^[15]
  • 126 Madison Avenue (New York)
  • 28 Liberty Street (New York)^[15]
  • Citigroup Center (Tokyo){{citation needed|date=November 2016}}
  • 73 Miller Street (Sydney){{citation needed|date=November 2016}}
• Lloyds Chambers (London)^[15]
• a project in {{ill|Donggang District, Dalian|zh|大連東港|lt=Donggang}} (Dalian) (64%)^[15]

Private hospitals:

• Luz Saúde^[15]

Entertainment :

• Club Med (85.6%)^[15][19]
• Studio 8 (60%)^[15]
• Wolverhampton Wanderers F.C.

Private equity funds managed

• Carlyle-Fosun^[15]
• Fosun Capital^[15]
• Fosun Chuanghong^[15]
• Ji'nan Financial Development Investment Fund^[15]
• Pramerica-Fosun China Opportunity Fund^[15]
• Shanghai Sunvision Binhe Equity Investment Center^[15]
• Shanghai Sunvision Xicheng Equity Investment Center^[15]
• Star Capital (Shanghai Star Equity Investment L.P.)^[15]
• Weishi Fund^[15]
• Zhejiang Growth Fund^[15]

Joint ventures

• Nanjing Nangang Iron and Steel United (60% share capital, 50% voting rights)^[15]
  • Nanjing Iron and Steel Company ({{SSE|600282}}, 48.19%)^[20]
• Pramerica–Fosun Life Insurance (50%)^[20]

Equity investments

• Banco Comercial Português (27.06%)^[21]
• China Minsheng Bank (2.22%)^[22]
• China Financial Services Holdings ({{SEHK|605}}, 4.9%)
• The Floow Limited (15%)^[23]
• Cirque du Soleil (25% via private equity funds managed by Fosun International and associated company Yuyuan Tourist Mart)^[20]
• Focus Media (8.09%)^[20]
• Folli Follie (10%, additional 3.89% stake held by Pramerica-Fosun China Opportunity Fund)^[20]
• New China Life Insurance (3.28%)
• Shanghai Zendai Property (14.0%)^[20]
• Thomas Cook Group (5.76% via Fidelidade)^[20]
• Yong'an Property Insurance (19.9%)^[20]
• Yuyuan Tourist Mart (26.45%)^[20]
• Zhaojin Mining (3.57%)^[20]

Former portfolio companies

• China Huarong Asset Management
• Ironshore

Shareholders

The major shareholder of Fosun International was a Hong Kong incorporated company Fosun Holdings,^[20] 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.^[20] Fan Wei, another founder, withdrew his stake in Fosun International Holdings in September 2015.^[20]

References

External links

• Official website

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