Fosun International

Corporate brand

A Chinese multinational conglomerate operating across health, insurance, tourism, consumer brands, real estate, finance, and industrial businesses.

Last updated October 9, 2026

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Overview

Fosun International Limited is a Shanghai-headquartered Chinese multinational conglomerate holding company with a portfolio spanning health, happiness, wealth, and intelligent-manufacturing activities. It was established in 1992 by five graduates of Fudan University, initially operating as a market-research and technology-development business before expanding into pharmaceuticals, property, steel, finance, insurance, tourism, retail, and consumer products. Its mainland holding company, Fosun High Technology, was incorporated in 1994, while Fosun International Limited was incorporated in Hong Kong in 2004 and listed on the Hong Kong Stock Exchange in 2007. The group has historically pursued a portfolio-investment model rather than relying on one operating category. Its health activities include Fosun Pharmaceutical, Gland Pharma, Sisram Medical, hospital operations, and insurance-related businesses. Its tourism and leisure interests have included Club Med, Atlantis Sanya, Thomas Cook-related tourism assets, and sports properties such as Wolverhampton Wanderers Football Club. In consumer and lifestyle markets, the group has held or operated brands and businesses including Lanvin, St. John, Wolford, Sergio Rossi, Silver Cross, Ahava, Djula, Folli Follie, and Jinhui Liquor. Its financial platform has included insurance, reinsurance, banking, securities, asset management, and investment funds. Fosun expanded internationally during the 2010s through acquisitions and minority investments in Europe, North America, India, Latin America, and other markets. Notable transactions included the purchase of French holiday operator Club Med, U.S. insurer Meadowbrook, Canadian entertainment company Cirque du Soleil through investment vehicles, British football club Wolverhampton Wanderers, and stakes in Indian companies such as Gland Pharma, Delhivery, and MakeMyTrip. The company also acquired the Thomas Cook brand after the historic travel group entered compulsory liquidation in 2019. During the COVID-19 pandemic, Fosun Pharmaceutical partnered with Germany-based BioNTech to develop, produce, and distribute the BNT162b2 mRNA vaccine in the Greater China region, while Fosun and affiliated businesses donated medical supplies internationally. The pandemic also placed pressure on tourism, entertainment, property, and other capital-intensive assets. In 2022, Fosun announced a substantial asset-disposal program intended to strengthen its balance sheet, reduce short-term debt pressure, and restore investor confidence. The group remains an active, diversified investment and operating company, although the composition of its holdings changes as it acquires, develops, and disposes of businesses.

History

Fosun began in 1992 as Guangxin Technology Development Company, founded in Shanghai by five Fudan University graduates: Guo Guangchang, Liang Xinjun, Wang Qunbin, Fan Wei, and Tan Jian. The business initially conducted market research and technology-related activities. Fosun High Technology, the group's principal mainland holding company, was incorporated in 1994. During the 1990s, the group broadened into pharmaceuticals, real estate, steel, and other industrial sectors, establishing the diversified structure that later defined Fosun. Fosun International Limited was incorporated in Hong Kong in 2004. Its 2007 listing on the Hong Kong Stock Exchange gave the group access to public capital and increased its visibility as one of China's major privately controlled conglomerates. During the early 2010s, Fosun described industrial operations, investment income, and asset-management income as its principal growth engines. The company increasingly combined direct ownership, minority investments, joint ventures, and managed funds. From approximately 2010 to 2015, Fosun accelerated overseas expansion. It invested in or acquired businesses in healthcare, tourism, banking, fashion, insurance, and energy, including Club Med, Meadowbrook Insurance, St. John, Cirque du Soleil-related interests, Folli Follie, and Roc Oil. This period established Fosun's international portfolio model: acquire recognizable brands or strategic platforms abroad while connecting them with Chinese capital, customers, distribution, and operating expertise. The company experienced heightened public attention in December 2015 when chairman Guo Guangchang was reported missing. He returned several days later and the company stated that he had been assisting a government inquiry. Fosun temporarily suspended trading in its shares, while its board said the episode had not created a material adverse effect on operations or finances. In 2016, Fosun acquired Wolverhampton Wanderers, adding a prominent sports asset to its entertainment and consumer portfolio. The club later achieved promotion to the Premier League and qualification for European competition. Fosun also expanded in India through investments in companies including MakeMyTrip, Gland Pharma, and Delhivery, while continuing to develop businesses in insurance, real estate, asset management, and healthcare. In the tourism sector, Fosun Tourism became involved in the proposed rescue of Thomas Cook in 2019. After Thomas Cook entered compulsory liquidation, Fosun acquired the Thomas Cook brand, preserving the name for subsequent tourism-related use. In 2020, Fosun acquired a controlling interest in jewelry brand Djula and pursued further luxury-brand partnerships. Its healthcare operations became especially prominent during the COVID-19 pandemic through Fosun Pharmaceutical's collaboration with BioNTech on the BNT162b2 mRNA vaccine and through donations of medical supplies. The pandemic nevertheless damaged tourism, hospitality, entertainment, and property businesses. In 2022, Fosun began a significant divestment effort, stating that asset sales would help reduce leverage, reinforce liquidity, and rebuild investor confidence. Fosun remains a multi-sector public conglomerate whose portfolio continues to evolve through acquisitions, disposals, partnerships, and investments.

2022
Portfolio deleveraging program
[1]Fosun Internationalen.wikipedia.org
Fosun announces plans to dispose of up to approximately $11 billion in assets over the following twelve months.
2020
BioNTech vaccine partnership
[1]Fosun Internationalen.wikipedia.org
Fosun Pharmaceutical partners with BioNTech on the BNT162b2 COVID-19 vaccine.
2019
Thomas Cook brand acquisition
[1]Fosun Internationalen.wikipedia.org
Fosun agrees to purchase the Thomas Cook brand after the travel group enters compulsory liquidation.
2016
Wolverhampton Wanderers acquisition
[1]Fosun Internationalen.wikipedia.org
Fosun buys the English football club Wolverhampton Wanderers.
2015
Chairman inquiry episode
[1]Fosun Internationalen.wikipedia.org
Guo Guangchang is temporarily unavailable while assisting a government inquiry and later returns to Fosun.
2014
Meadowbrook acquisition
[1]Fosun Internationalen.wikipedia.org
Fosun acquires U.S. insurer Meadowbrook for approximately $433 million, according to the cited reference material.
2007
Hong Kong listing
[1]Fosun Internationalen.wikipedia.org
Fosun International lists on the main board of the Hong Kong Stock Exchange.
2004
Hong Kong holding company is incorporated
[1]Fosun Internationalen.wikipedia.org
Fosun International Limited is incorporated in Hong Kong.
1994
Fosun High Technology is incorporated
[1]Fosun Internationalen.wikipedia.org
The group's main mainland holding company is established as Fosun expands beyond market research.
1992
Fosun is founded
[1]Fosun Internationalen.wikipedia.org
Five Fudan University graduates establish Guangxin Technology Development Company in Shanghai.

Products and positioning

A globalized Chinese investment and operating group focused on combining China-linked growth opportunities with international brands, healthcare capabilities, financial services, and consumer businesses.

Pharmaceuticals and biotechnology
Fosun Pharmaceutical
A core Fosun health platform involved in pharmaceutical research, manufacturing, distribution, and healthcare partnerships. It has been associated with the group's collaboration with BioNTech on the BNT162b2 COVID-19 mRNA vaccine in Greater China.
Tourism and resorts
Club Med
A French-origin international holiday-resort brand acquired by Fosun as part of its strategy to build global tourism and leisure assets serving Chinese and international travelers.
Insurance and financial services
Fosun Insurance and reinsurance platforms
Fosun's financial-services portfolio has included life insurance, property and casualty insurance, reinsurance, and related investment platforms, including Fidelidade, Peak Reinsurance, and Pramerica Fosun Life Insurance.
Tourism and hospitality
Atlantis Sanya
An integrated resort in Sanya, China, combining accommodation, entertainment, dining, and leisure attractions within Fosun's tourism portfolio.
Fashion and luxury
Lanvin Group brands
Fosun's fashion activities have been organized through Lanvin Group and have included luxury and lifestyle brands such as Lanvin, Wolford, St. John, Sergio Rossi, and other international labels.
Sports and entertainment · 2016
Wolverhampton Wanderers
An English professional football club acquired by Fosun in 2016. The club's sporting performance improved substantially during Fosun's ownership, including promotion to the Premier League and participation in European competition.
Real estate
Fosun Property
The group's property platform develops, owns, and invests in commercial, residential, mixed-use, and international real-estate assets, including projects associated with the Bund Finance Center and properties in major global cities.

Controversies

2019
Thomas Cook collapse and tourism rescue attempt
Fosun Tourism participated in proposed rescue arrangements for Thomas Cook, but the wider travel group entered compulsory liquidation in September 2019. Fosun subsequently acquired the Thomas Cook brand.
Source
2015
Temporary disappearance of chairman Guo Guangchang
Guo Guangchang was reported missing on 11 December 2015 and returned on 14 December. Fosun said he had been assisting a government inquiry; the company temporarily suspended share trading and stated that it did not expect a material adverse effect on operations or finances.
Source

2020COVID-19 medical-support and vaccine initiative
China · Global
Fosun-affiliated businesses partnered with BioNTech on the BNT162b2 vaccine and donated medical supplies to countries affected by the COVID-19 pandemic.
Outcome. Established one of Fosun's most visible global healthcare initiatives during the pandemic.
Source

Brand decisions

2022
Accelerate asset disposals and deleveragingStrategy
Background
Pandemic disruption and China's lockdown policies placed pressure on tourism, property, and other businesses while investors focused on short-term debt and liquidity.
Action taken
Fosun announced plans to sell up to approximately $11 billion of assets within twelve months.
Aftermath
The program was intended to strengthen the balance sheet and improve investor confidence.
Planned asset disposals. Up to approximately $11 billion (Announced October 2022; intended over the following twelve months)
Source
2020
Partner with BioNTech on BNT162b2Product launch
Background
The COVID-19 pandemic created urgent demand for vaccine development and regional manufacturing and distribution capabilities.
Action taken
Fosun Pharmaceutical entered a partnership with BioNTech concerning development, production, and distribution of the BNT162b2 mRNA vaccine in Greater China.
Aftermath
The partnership made Fosun's healthcare platform a prominent participant in the international COVID-19 vaccine response.
Source
2019
Purchase the Thomas Cook brandM&A
Background
Thomas Cook entered compulsory liquidation after a proposed rescue involving Fosun Tourism failed to preserve the wider group.
Action taken
Fosun agreed to buy the Thomas Cook name and related brand assets.
Aftermath
The transaction preserved the historic travel name within Fosun's tourism portfolio.
Reported brand purchase price. £11 million (2019)
Source
2016
Acquire Wolverhampton WanderersM&A
Background
Fosun was expanding into global consumer, tourism, sports, and entertainment assets.
Action taken
The group acquired the English football club from Steve Morgan.
Aftermath
The club later rose from the second tier to the Premier League and qualified for European competition.
Reported acquisition price. Approximately £45 million (2016)
Source

Recent events

2020-10-29
PingCAP and Fosun form strategic partnership[8]PingCAP与复星达成战略合作finance.sina.com.cn
Reported: 2020-11-02
PingCAP and Fosun reached a strategic partnership covering technology products and solution provision. PingCAP will provide core database solutions for Fosun's multi-industry data-platform strategy.
Unconfirmed
Fosun Group and Taimei Medical Technology form information security partnership[9]复星集团与太美医疗科技达成信息安全战略合作hy.stock.cnfol.com
Fosun Group and Taimei Medical Technology formed a strategic partnership to combine their information-management capabilities and cooperate on information-security risk assessment, vulnerability scanning, cyber exercises, emergency solutions and training.
2020-08-27
Fosun International reports 2020 interim results[10]复星国际公布2020年中期业绩finance.sina.com.cn
Reported: 2020-08-27
Fosun International announced its interim results for the six months ended June 30, 2020, reporting revenue of RMB 63.27 billion and net profit attributable to shareholders of RMB 2.01 billion.
2020-01-28
Fosun’s first batch of emergency medical supplies arrives in Shanghai[11]复星全球紧急调拨的首批医疗物资运抵上海finance.sina.com.cn
Reported: 2020-01-28
Fosun’s first batch of globally procured emergency medical supplies arrived in Shanghai, including 50,000 protective suits. The supplies were to be sent to areas including Wuhan and Shanghai for epidemic prevention and control.
2020-01-09
Fosun International wins two Golden Hong Kong Stocks awards[12]复星国际荣获“第四届金港股”两项大奖finance.sina.com.cn
Reported: 2020-01-09
Fosun International received the Most Valuable Consumer and Services Stock Company award and the Best Investor Relations Management award at the Fourth Golden Hong Kong Stocks Annual Selection.
Unconfirmed
Fosun bought Thomas Cook brand intellectual property[13]复星买下Thomas Cook品牌知识产权资产finance.sina.com.cn
Reported: 2019-11-04
Fosun Group bought Thomas Cook’s brand intellectual property assets for £11 million after Thomas Cook announced bankruptcy.
2019-11-02
Fosun acquires Thomas Cook brand rights[14]复星收购Thomas Cook品牌权arabnews.com
Reported: 2019-11-02
Fosun acquired the brand rights to Thomas Cook, as well as subsidiary hotel chains Casa Cook and Cook’s Club, for $14.2 million (£11 million).
Unconfirmed
Thomas Cook enters liquidation[15]托马斯·库克进入破产清算finance.jrj.com.cn
Thomas Cook Group announced that it had entered liquidation. Fosun Group said it was disappointed that its efforts to rescue Thomas Cook had not found a way forward and expressed sympathy for those affected.

Sources17 sources

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