Fosun scales back M&A splurge; seeks unicorns

CEO Liang Xinjun tells FinanceAsia that Fosun will narrow its M&A focus. He spoke as new details emerged on the reason behind the chairman's disappearance.

Fosun scales back M&A splurge; seeks unicorns

After spending more than $9 billion on outbound acquisitions snapping up brand names all over the world since 2008, Fosun International, China’s largest privately owned conglomerate, says it will now slow foreign purchases and cut debt. 

“There is no doubt Fosun will be different in the next five years compared with the last five. We will make more effort on internal growth than on overseas acquisitions,” Liang Xinjun, chief executive of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...