Welcome to our dedicated page for Fosun Internatio news (Ticker: FOSUY), a resource for investors and traders seeking the latest updates and insights on Fosun Internatio stock.
Fosun International (FOSUY) maintains a dynamic presence across global markets through strategic operations in pharmaceuticals, tourism, insurance, and technology. This news hub provides investors and stakeholders with direct access to official corporate communications and verified market updates.
Discover timely announcements including earnings disclosures, partnership developments, and innovation milestones. Our curated collection features Fosun's latest progress in asset-light strategies, R&D breakthroughs, and global expansion initiatives without editorial commentary.
Key updates cover financial performance metrics, sustainability efforts, leadership changes, and regulatory filings. All content is sourced from Fosun's investor relations team and reputable financial news services to ensure accuracy and compliance.
Bookmark this page for streamlined tracking of Fosun's evolving position in consumer healthcare, luxury tourism, and fintech sectors. Check regularly for essential updates impacting one of Asia's most diversified multinational conglomerates.
Fosun International reported robust 2021 annual results with total operating revenue of RMB161.29 billion, up 18% year-on-year. Profit attributable to owners rose 26% to RMB10.09 billion, driven by substantial growth in industrial operations, particularly in health and happiness segments. The company invested RMB8.9 billion in technology and innovation and expanded its member base to 396 million. With a solid financial base and improved ESG rating, Fosun is poised for sustainable development despite ongoing market challenges.
Fosun International received four prestigious awards from Corporate Governance Asia on January 20, 2022, including Asia's Best CEO for Co-CEOs Chen Qiyu and Xu Xiaoliang. The company was also recognized for Best CSR, Best Corporate Communications, and Best Environmental Responsibility. These honors reflect Fosun's commitment to social responsibility during the pandemic and its proactive role in supporting global health initiatives, including the development of an mRNA COVID-19 vaccine with BioNTech. The awards highlight Fosun's resilience, governance improvements, and efforts in corporate communication.
Atlantis Sanya launched China's First Mermaid Performance Contest on December 21, 2021, marking a milestone in the nation's water sports scene. This inaugural professional competition features men's solo, women's solo, and mixed team events, attracting 41 finalists from across China. Hosted at the Ambassador Lagoon, the contest showcases professional mermaid skills in front of a transparent viewing window. Atlantis Sanya aims to promote mermaiding and water sports as a premier destination for aquatic activities in China, following the resort's successful history of ocean-themed events since its opening in 2018.
On October 19, 2021, Fosun Sports announced its establishment as a holding entity and the acquisition of Foyo's core assets in games and esports. The group received a minority investment from PEAK6 Investments, enhancing its global sports focus. Fosun Sports, which operates Wolverhampton Wanderers Football Club, has expanded into esports, forming teams in popular games and establishing a significant presence in China and North America. The organization aims to create a comprehensive sports ecosystem, reaching over 30 million fans worldwide.
Fosun Fashion Group (FFG) has signed an agreement to acquire 100% of Sergio Rossi, a renowned Italian luxury footwear brand. This acquisition aims to enhance FFG's luxury portfolio, which already includes notable names like Lanvin and Wolford. Sergio Rossi offers strong manufacturing capabilities and a global distribution network of 64 stores, expanding FFG's reach in the luxury market, especially in China. The transaction awaits regulatory approval and is expected to close in Summer 2021. FFG aims to leverage Sergio Rossi’s heritage and craftsmanship to drive future growth.
Fosun Fashion Group has formed a strategic alliance with Baozun and Activation Group to harness the growing demand for luxury brands in China. With predictions that Chinese consumers will account for over 50% of global luxury purchases by 2025, this collaboration aims to enhance brand operations and marketing strategies. Baozun and Activation will become minority shareholders in Fosun Fashion Group, leveraging their expertise to facilitate brand expansion and a holistic customer experience in China's evolving luxury market.
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