CEO Liang Xinjun eyes overseas expansion
Fosun is on a roll. China’s largest privately owned conglomerate has spent more than $8 billion in the past two years on acquisitions including a Hollywood movie studio, a Portuguese insurer and a New York tower.
The deal machine is crunching numbers on more targets for this year as it attempts to turn itself into a Chinese version of Warren Buffett’s Berkshire Hathaway.
“I think we’ll buy one or two more financial...