Fosun

Fosun Overview

Fosun International Ltd is the largest privately owned conglomerate in China. Fosun's business operations cover five segments including pharmaceuticals; property development; steel; mining; and retail, services, and strategic investments. Fosun Pharmaceuticals, a subsidiary of the company, has development and manufacturing services focusing on generics, biosimilars, diagnostics, and healthcare services. Fosun's activities in Israel relied on the development and manufacturing activities of the Israeli companies acquired by the conglomerate. In 2013, Fosun Pharmaceuticals purchased Alma Laser, a maker of medical laser devices. In 2016, the group acquired the Israeli skin care company Ahava. Fosun also invests in Israeli health startups. In 2014, Fosun Pharmaceuticals participated in a funding round for Check-Cap.

Latest News

Feb 6, 2024 · ca.finance.yahoo.com

Growth-negative

China's Fosun explores sale of minority stake in $800 million Club Med -sources

Calgary-based ultra-low-cost airline Lynx Air has announced it is ceasing operations from February 26, after filing for creditor protection. The company has advised passengers with existing bookings to contact their credit card companies to secure refunds for pre-booked travel. The shutdown will leave its employees out of work and potentially strand travellers who had booked with the airline.

CustomersLayoffs

Aug 25, 2018 · www.calcalistech.com

growth-positive

Fosun's Israeli Rep Is Looking for Healthcare, Fintech, and Travel Technologies

Fosun International Ltd. is scouting Israeli startups to break into the Chinese market. The company has already made small direct investments in Israeli fintech innovation center The Floor and fintech startup BondIT Ltd. It has also acquired Dead Sea cosmetics manufacturer Ahava and invested in companies like Alma Lasers, MitrAssist Ltd., and OrNim Medical Ltd. Fosun has set up a group called the New Technology and New Economy Group to scout for strategic investments and acquisitions in the US, Africa, and China. The group has an on-ground scout in Israel, Danny Hadar, who is currently in talks with several Israeli companies.

PartnersInvestmentAcquisition

Apr 8, 2016 · www.wsj.com

Fosun to Buy Israeli Skin-Care Company Ahava

May 3, 2013 · www.laserfocusworld.com

N/A

https://www.laserfocusworld.com/articles/2013/05/fosun-acquires-alma-aesthetic.html

The article is inaccessible and does not provide any information.

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1

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Halamish St 14, Caesarea, Israel

Simtat ha-Arava 1, Shilat, Israel

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