Fosun High Technology
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| Traded as | : 00656 |
| Industry | Conglomerate |
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| Services | Diversified Investments |
| Owner | Fosun International Holdings (71.48%) |
| Parent | Fosun International Holdings |
| Website | www |
| Fosun International Limited | |||||||
| Simplified Chinese | 复星国际有限公司 | ||||||
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| Traditional Chinese | 復星國際有限公司 | ||||||
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| Fosun International | |||||||
| Simplified Chinese | 复星国际 | ||||||
| Traditional Chinese | 復星國際 | ||||||
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Fosun International Limited is a Chinese international conglomerate and investment company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its CEO is Wang Qunbin, who replaced Liang Xinjun who resigned in March 2017. Guo Guangchang remains as the chairman of Fosun International.
Fosun Group was founded in 1992 by five graduates of Fudan University: Guo Guangchang, Liang Xinjun, Wang Qunbin (Chinese: 汪群斌), Fan Wei (Chinese: 范伟), and Tan Jian (Chinese: 谈剑). 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 Hong Kong Stock Exchange as : 00656.
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".
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. 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. Fosun also purchased Australian oil company Roc Oil, its first acquisition in the petroleum industry.
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Wikipedia