17 Facts About Fosun International

Fosun International Limited is a Chinese multinational conglomerate holding company.

Fosun International is located in 16 countries and is one of the largest privately owned conglomerates in China.

In July 2007, Fosun International was listed on the main board of the Stock Exchange of Hong Kong as SEHK:656.

From 2010 through 2015, Fosun International spent billions buying foreign firms in the healthcare, tourism, fashion, and banking industries in the US and Europe.

Fosun International purchased Australian oil company Roc Oil, its first acquisition in the petroleum industry.

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

On 28 August 2019, Thomas Cook Group announced that the group "had agreed the main terms of a rescue package that will see Hong Kong's Fosun International Tourism take over its tour operations and creditor banks and bondholders acquire its airline".

In early November 2019, Fosun International said it would purchase the Thomas Cook brand for £11m.

Fosun International viewed itself as a "potential saviour" by purchasing the name.

Fosun International was part of an alliance of Chinese companies that donated medical supplies to 23 countries during the COVID-19 pandemic.

In March 2020, Fosun International brought medical supplies to Milan, Italy, including 5,500 protective suits and 40,000 N95 respirator masks together with the Longfor Group and Beijing Taikiang Yicai Foundation.

Fosun International launched the Global anti-Virus Relief Scheme which created a forum for China, the US, the UK, and Portugal to share information and experience about COVID-19 in early March 2020.

Fosun International has distributed close to 4 million units of medical supplies around the world, including surgical masks, protective suits, and diagnostic reagents.

Fosun International delivered medical supplies in several shipments during March 2020 to the city of Wolverhampton, UK, the home of the Wolves football team, which is owned by Fosun International.

Fosun International has a wide array of business activities, including investing in other firms, managing a number of private equity funds, and entering joint ventures.

Fosun International has invested in a number of businesses throughout different sectors, such as asset management, insurance, and industrial operations.

Major shareholder of Fosun International was a Hong Kong incorporated company Fosun Holdings, which was a wholly owned subsidiary of British Virgin Islands incorporated company Fosun International Holdings.