| Type | Privately held company |
|---|---|
| Industry | Conglomerate |
| Founded | 1992 |
| Founder(s) | Mr. Guo Guangchang |
| Headquarters | Shanghai, People's Republic of China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Guo Guangchang CEO: Mr. Liang Xinjun President: Mr. Wang Qunbin |
| Website | Fosun International Limited |
Fosun International Limited (simplified Chinese: 复星国际有限公司; traditional Chinese: 復星國際有限公司) (SEHK: 656), also Fosun or Fosun International, is the largest private-owned conglomerate in Mainland China,[1] headquartered in Shanghai but incorporated in Hong Kong. It is also called "Shanghai's Hutchison Whampoa" (上海和黃).
Contents |
Fosun Group was founded by four university graduates from Fudan University in 1994: Guo Guangchang (郭广昌), Liang Xinjun (梁信军), Wang Qunbin (汪群斌) and Fan Wei (范伟). In 1999 this company bought land and built an apartment building. Although they expected to sell one apartment a day after placing advertisements in the newspaper, they actually sold more than eight in less than two hours, even gaining foreign sales in a building that was not even complete yet. They used this revenue to buy state-run enterprises and easily cornered the market on abandoned factories. In 2000-2001 the company bought out many state-run enterprises in the Chinese mainland. They used this capital to expand into the biotech industry and created many niche businesses catering to the West. In 2004, its parent company, Fosun International, was established in Hong Kong. Fosun International was listed in Hong Kong in 2007.[2]
The chairman and chief executive officer of the company is Mr. Guo Guangchang.
Fosun's businesses cover steel, property, pharmaceutical, retailing, financial service and strategic investments with many subsidiary companies in each business.
Steel Business
Property Business
Pharmaceutical Business
Retailing Business
Financial service and strategic investments Business
Fosun was listed on the Hong Kong Stock Exchange on 16 July 2007 and it recruited 11 entrepreneurs and enterprises as its strategic investors, including:
Another entrepreneurs, such as Chinachem Group, Bank of East Asia and Wharf Holdings' Peter Woo also took part in buying Fosun's IPO stocks.[3]