1992 CE
Fosun Founded in Shanghai
Fosun was founded in Shanghai by Guo Guangchang, Liang Xinjun, Wang Qunbin, and Fan Wei, with initial capital from a market research business. #business #founding
Chronological Storyline (24 Milestones)
1994 CE
Entry into Pharmaceuticals
Fosun entered the pharmaceutical industry by investing in traditional Chinese medicine and later establishing Fosun Pharma. #healthcare #pharmaceuticals
1998 CE
Fosun Pharma Listed in Shanghai
Shanghai Fosun Pharmaceutical (Group) Co., Ltd. was listed on the Shanghai Stock Exchange, raising capital for expansion. #IPO #pharmaceuticals
2000 CE
Diversification into Real Estate and Steel
Fosun expanded into real estate and steel industries, establishing Fosun Property and investing in Nanjing Iron and Steel. #diversification #realestate
2004 CE
Fosun International Limited Incorporated
Fosun International Limited was incorporated in Hong Kong as the holding company for the group's operations. #corporate #structure
Jul 16, 2007 CE
Fosun International IPO in Hong Kong
Fosun International held its initial public offering on the Hong Kong Stock Exchange, raising approximately HK$12.8 billion. #IPO #HongKong
2008 CE
Acquisition of Yongan Insurance Stake
Fosun acquired a stake in Yongan Property Insurance, marking its entry into the insurance sector. #insurance #acquisition
2009 CE
Fosun Pharma Acquires 51% of China Pharma
Fosun Pharma acquired a 51% stake in China Pharmaceutical Group to strengthen its drug distribution network. #pharmaceuticals #M&A
2010 CE
Investment in French Resort Chain Club Med
Fosun acquired a 7.1% stake in Club Méditerranée, beginning its foray into global tourism. #tourism #investment
2011 CE
Fosun Acquires Fidelidade Insurance
Fosun acquired 80% of Portuguese insurer Fidelidade for €1 billion, a major step in international insurance. #insurance #international
2012 CE
Acquisition of Greek Jewelry Brand Folli Follie
Fosun acquired a significant stake in Folli Follie, a Greek luxury fashion brand, expanding its consumer goods portfolio. #luxury #acquisition
2013 CE
Full Acquisition of Club Méditerranée
Fosun completed a €939 million takeover of Club Med, taking the French resort operator private. #tourism #M&A
2014 CE
Fosun Acquires Canadian Miner Iron Ore Projects
Fosun acquired iron ore assets in Canada, diversifying into natural resources. #mining #resources
2015 CE
Investment in U.S. Healthcare Company St. Jude's
Fosun invested in St. Jude Medical (now Abbott) to expand in medical devices. #healthcare #medicaldevices
2016 CE
Launch of Fosun Tourism Group
Fosun consolidated its tourism assets under Fosun Tourism Group, including Club Med and Atlantis resorts. #tourism #restructuring
2017 CE
Acquisition of India's Gland Pharma
Fosun Pharma acquired a 74% stake in Gland Pharma, an Indian injectable drug maker, for $1.26 billion. #pharmaceuticals #India
2018 CE
Fosun Health Acquires Lingang Healthcare
Fosun Health acquired Lingang Healthcare in Shanghai to expand its hospital network. #healthcare #expansion
2019 CE
Fosun International Revenues Reach RMB 143 Billion
Fosun reported annual revenues of RMB 143 billion, driven by its pharmaceutical and tourism segments. #financials #growth
2020 CE
Fosun Pharma Develops COVID-19 Vaccine
Fosun Pharma partnered with BioNTech to develop and distribute the COVID-19 vaccine in China. #healthcare #vaccine
2021 CE
Fosun Files for IPO of Fosun Tourism Group
Fosun Tourism Group filed for a Hong Kong IPO, but later withdrew due to market conditions. #tourism #IPO
2022 CE
Fosun Faces Debt Concerns
Fosun's high debt levels led to credit rating downgrades and asset sales, including $6.7 billion from asset disposals. #debt #restructuring
2023 CE
Fosun Sells Stake in Nanjing Iron and Steel
Fosun sold its 60% stake in Nanjing Iron and Steel for about RMB 13.6 billion to reduce debt. #assetdisposal #steel
2024 CE
Fosun International Restructures Board
Following leadership changes, Fosun appointed new board members to focus on core businesses and deleveraging. #leadership #corporate
2025 CE
Fosun's Modern Standing: Focus on Core Assets
Fosun continues to focus on healthcare and tourism while divesting non-core assets, aiming for sustainable growth. #strategy #future