Fosun was founded in 1992 and Fosun International Limited has been listed on the main board of the Hong Kong Stock Exchange (00656.HK) since 2007. In 2020, the Group recorded total revenues of RMB136.6 billion and net profit attributable to the parent company of RMB8.02 billion. As of 30 June 2021, it had RMB778.9 billion (c. US$120.6 billion) worth of total assets. Fosun International ranks No. 459 on the 2021 Forbes Global 2000 List and has ranked among the top 50 of China’s Top 500 Private Enterprises for three consecutive years.
Fosun is a global innovation-driven consumer group and is dedicated to developing its four main business segments, namely health, happiness, wealth, and intelligent manufacturing. Through technology and innovation, Fosun strives to create customer-to-maker (C2M) ecosystem, providing high-quality products and services for families around the world.
Since its foundation in 1992, Fosun has seized opportunities in the era and realized sustainable, rapid development. It not only has been a participant in and beneficiary of China’s reform and opening-up policies as well as an innovator who capitalized on that trend, but also is a practitioner, promoter, and pioneer of globalization.
For three decades, Fosun has developed a strong sense of connectedness with its customers, the nation and society, and has been working tirelessly for its original aspirations towards “Self-improvement, Teamwork, Performance, and Contribution to Society”. It has also remained committed to the mission of “creating happier lives for one billion families worldwide”. Looking ahead, Fosun will continue to uphold its aspiration of developing its business for good and uphold the spirit of “co-entrepreneurship”, join hands with its member companies and business partners to advance entrepreneurship, with a view to promoting high-quality development of the businesses, creating more value for the customers, the nation and society, as well as helping to promote high-quality development and common prosperity.
Number of countries covered by its industry operations
Number of global employees
Proportion of investment in technology innovation in pretax profits
Ranking in 2021 Forbes Global 2000 List
Focused on families with innovation-led happier family lives
Creating greater value for shareholders by maintaining steady and sustainable growth
Making a difference in the world with a galaxy of talents
Building an open and win-win FC2M ecosystem with a culture of customer centricity
Fosun's corporate growth and strategic evolution is a process of continuous entrepreneurship.
Entrepreneurship (from 1992 to 2011)
During Fosun’s entrepreneur period, Fosun firmly seized opportunities in the era, started with consulting business, pharmaceuticals, real estate and other businesses, and achieved a steady and sustained rapid development. In addition, leveraged on China's procyclical growth momentum, Fosun actively participated in the mixed-ownership reform of state-owned enterprises such as Yuyuan Inc., Nanjing Iron and Steel, and Zhaojin Mining to form a multi-sector conglomerate and was successfully listed on the Hong Kong Stock Exchange.
Re-entrepreneurship (from 2021 to 2021)
During Fosun’s re-entrepreneurship, Fosun was positioned as an “innovation-driven consumer group”. Leveraged on the twin-driver of “China’s momentum and global resources”, Fosun completed the establishment and implementation of “Globalization + New Industries”, continuously entered new industries and regions, and stayed committed to its innovation-driven strategy, adhered to “Industry Operations + Industrial Investment”, further focused on the needs of family customers for health, happiness and wealth, with a view to creating a happiness ecosystem.
Co-entrepreneurship (from 2022 onwards)
During Fosun’s co-entrepreneurship, Fosun adheres to the strategy of “Client-end as Top Priority, Maker-end as Top Leader”, strives to create a FC2M (Fosun Client-to-Maker) ecosystem, constantly evolves its global organization and globalization capability in the era of “Intelligent connectivity”, and leverages on the “FES” system (Fosun Entrepreneurship/Ecosystem System) to help enterprises achieve a sustainable “multiplier growth”. In addition, Fosun continues to uphold its original aspiration of “Self-improvement, Teamwork, Performance, and Contribution to Society”, and is dedicated to creating value for its customers, shareholders and employees, as well as actively contributing efforts in promoting “common prosperity”.
Yuyuan Inc. acquired an equity stake of 70% in Sichuan Tuopai Shede Group Co., Ltd. (600702.SH).
Yuyuan Inc. acquired an equity stake of 38% in Jinhui Liquor (603919.SH) to be more engaged in alcohol.
Fosun completed the acquisition of FFT, a German provider of flexible automation turnkey solutions, and set up FFT’s global headquarters in Jiading.
Fosun invested in WEI, a herbal skin care brand, to enhance its presence in the fields of fashion and cosmetics.
Fosun invested in Djula, a French jewelry brand, to enter further into the consumption field of affordable luxury goods and fashion.
Fosun invested in IGI, a Belgium–based jewelry appraisal institute, to extend the global jewelry industry chain.
Fosun invested in Seagull Watch and Shanghai Watch, proactively supporting the transformation and upgrading of Chinese enterprises.
Henlius (02696.HK) was listed on the Hong Kong Stock Exchange.
Fosun established Fosun Health Plus, an online health care platform, and launched Fosun Health Maintenance Organization (FHMO).
Fosun invested in Boohee.com, a weight loss and fitness platform.
Fosun completed its material assets reorganization. It increased its holding of shares in Yuyuan to nearly 70% and changed the stock abbreviation into “Yuyuan Inc.”.
Fosun Tourism Group (01992.HK) was listed on the Hong Kong Stock Exchange.
Fosun acquired Wolford, an Austria-based fashion brand of skin-friendly clothing with a history of 70 years.
Fosun invested in Dongjia APP, an oriental platform for craftsmen’s works.
Fosun acquired LANVIN, the oldest French luxury couture house.
Fosun invested in PAREF, a French real estate manager, to lay a solid foundation for global real estate investment.
Fosun invested in Baihe Jiayuan to enhance its presence in the household market as well as the love and marriage market.
Fosun struck the first deal by signing the agreement on the cooperation in Hangzhou-Shaoxing-Taizhou Railway Public-Private-Partnership (PPP) Project between private enterprises and the People’s Government of Zhejiang Province, marking the official landing of Hangzhou-Shaoxing-Taizhou Railway, the first high-speed railway in China controlled by private capital.
Fosun established Fosun Fashion Group.
Fosun acquired AHAVA, an Israeli premium skin care brand of products with minerals from the Dead Sea.
Fosun acquired Wolverhampton Wanderers, a football club from England.
Fosun invested in BCP Millenium, the largest listed bank in Portugal.
Fosun established Fosun Tourism Group.
Fosun invested in Babytree, a vertical maternity & children C2M platform.
The famous France-based resort group Club Med became a wholly-owned subsidiary of Fosun.
Fosun invested in Thomas Cook, a time-honored travel agency in the UK, with whom Fosun established the joint venture Thomas Cook.
Fosun invested in Resolution Property, a UK-based asset manager.
Fosun acquired Hauck & Aufhäuser, a German private bank.
Fosun acquired Fideliade, a leading insurance company in Portugal, to expand its reach in the Portuguese market.
Fosun acquired Luz Saúde, a leading group supplying private medical services in Portugal.
Fosun acquired IDERA, an asset management company in Japan, to build its presence in Japan.
Fosun acquired Meadowbrook, which later renamed AmeriTrust, an insurance group in the USA, to continuously build up its “insurance-centered integrated financial capacity” and enhance its presence in the insurance industry.
Fosun and International Finance Corporation (IFC), a member of the World Bank Group, co-founded Peak Reinsurance Co., Ltd.
Fosun invested in Foshan Chancheng Central Hospital, starting providing medical services.
Fosun invested in Sisram Medical Ltd. (01696.HK, listed on the Hong Kong Stock Exchange in 2017), an Israeli company specializing in laser medical cosmetology equipment.
Fosun cooperated with Kerzner International, investing more than RMB10 billion in building Atlantis Sanya.
Fosun International (00656.HK) was listed on the Hong Kong Stock Exchange, commencing its global development strategy.
Fosun and Hainan Steel set up a joint venture, Hainan Mining United Co., Ltd. (601969.SH, listed on the Shanghai Stock Exchange in 2014).
Fosun invested in Zhaojin Mining Industry Co., Ltd. (01818.HK, listed on the Hong Kong Stock Exchange in 2006) to improve the upstream and downstream industrial chain of the manufacturing industry.
Fosun Industrial was officially renamed Shanghai Fosun Pharmaceutical (Group) Co., Ltd.
Fosun and Nangang Group co-founded Nanjing Nangang Iron & Steel United Co., Ltd. Fosun took control of Nanjing Nangang (600282.SH) and entered the field of iron and steel manufacturing.
Fosun co-founded Sinopharm Group (01099.HK, listed on the Hong Kong Stock Exchange in 2010) with Sinopharm to reinforce its strength in pharmaceutical distribution.
Fosun Industrial (600196.SH, later renamed “Fosun Pharma”) was listed on the Shanghai Stock Exchange, becoming the first private listed company in Shanghai.
Forte (Group) Co., Ltd. was founded.
“Fosun Garden”, the first real estate development project, was kicked off.
Fosun successfully started the PCR hepatitis B diagnostic reagent business and rolled out the product nationwide. It has been engaged in pharmaceutical R&D since then and earned its first profit of RMB100 million.