Yuyuan
Originating from the more than 700-year-old Yuyuan City, Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (“Yuyuan”) is one of the eight earliest stocks listed in Shanghai. In 1987, Yuyuan was approved as the first joint-stock enterprise in Shanghai commercial system. In 1992, with the approval of Shanghai Municipal Party Committee and Municipal government, it agreed to reorganize and establish “Yuyuan Tourist Mart” on the basis of the listed company "Yuyuan Shopping Mall" Co., Ltd. In 2002, with the approval of the Ministry of Finance, Fosun became the largest shareholder of the company in the form of equity transfer. After completing major asset restructuring in 2018, Yuyuan became the flagship platform of Fosun's Happiness segment. In September 2022, Yuyuan became one of the main entities of the Fuyou Road Project, thus connecting the first and second phase of Yuyuan Garden, the Bund Finance Center (BFC) and other business districts, and the “Grand Yuyuan” was officially launched.
In 1566, Sir Thomas Gresham, father of the British banking industry, established the Royal Exchange, the first center of commerce built specifically for stock trading in London. In 2018, Fosun's portfolio company Resolution Property formally acquired the long-term revenue right of the offices of the Royal Exchange Building.
In 1757, the 22nd year of Qianlong's reign in the Qing Dynasty, Xu founded a restaurant serving noodles, rice and other dishes near the Xuanmiao Temple in Suzhou. In 1918, Zhang WenBing joined and leased the restaurant and renamed it to Hejisonghelou (和记松鹤楼), serving Suzhou cuisine. He recruited famous chefs to inherit culinary techniques, such as stewing, braising, simmering, roasting, deep-frying, stir-frying, and steaming to make sure the color, taste, aroma and presentation of the dishes follow traditional Suzhou cuisine, and created dozens of new and popular dishes including braised shark’s fin, braised soft-shelled turtle soup, Sweet and Sour Mandarin Fish, steamed pork in lotus leaf, watermelon chicken, barb liver soup and Suzhou-style hot pot, which have made Songhelou (松鹤楼) a hotspot for celebrities and a cradle of Suzhou’s culinary chefs on Guanqian Street. In June 2018, Yuyuan, a subsidiary of Fosun acquired Songhelou. In 2019, Shanghai's first Songhelou Suzhou-style noodle shop opened at Yuyuan Tourist Mart, and the standardized system enabled it to rapidly expand across the country and more than 160 stores have been opened as of December 2022.
Shanghai Classical Restaurant
The predecessor of Shanghai Classical Restaurant can be dated back to Rongshun Restaurant founded in 1875, the 1st year during the reign of Emperor Guangxu of Qing Dynasty. As an important representative of Shanghai cuisine, Shanghai Classical Restaurant has a history of more than 140 years since its establishment. With the efforts of Li Borong, Yang Yuying and other celebrity chefs, as well as several generations of chefs, Shanghai Classical Restaurant has taken inheriting and expanding the characteristics of the local cuisine as its mission and earned multiple awards, such as "China Famous Restaurant", "China Time-honored Brand", "Shanghai Famous Trademark", "Shanghai Brand" and "Shanghai May Day Labor Award" and is unanimously recognized by domestic and overseas guests. In November 2014, Shanghai Classical Restaurant's culinary art of local cuisine was selected as the project of protecting “National Intangible Cultural Heritage”. Over the one and a half century, Shanghai Classical Restaurant has welcomed many heads of states and witnessed historical moments again and again. Many celebrities, famous officials, and scholars have visited the Shanghai Classical Restaurant.
In 1783, the 48th year under Emperor Qianlong's reign in the Qing dynasty, Ningbo businessman Tong Shanchang opened a small shop in Shanghai to run traditional Chinese herbal medicine business. It was the origin of Tong Han Chun Tang, one of the oldest drug stores in Shanghai. In 2002, Fosun vigorously promoted the cross-provincial retail chain development of Tong Han Chun Tang. In January 2010, Tong Han Chun Tang became the only one of the four time-honored national pharmaceutical brands in Shanghai to be awarded the "China Well-Known Trademark".
In 1796, Hauck & Aufhäuser was established. It is one of the few independent private banks in Germany that provides comprehensive consulting services and asset management for private, corporate and institutional clients. In September, 2016, Fosun completed the acquisition of Hauck & Aufhäuser, building another financial bridge between Chinese and European companies. On 8 October 2021, H&A announced the successful wholly-owned acquisition of Bankhaus Lampe. After the merger, it was renamed as Hauck Aufhuser Lampe (HAL) and became a large German private bank with more than 1,300 employees, more than EUR200 billion in assets under management, and nearly EUR10 billion in total assets.
In 1808, the Portuguese insurer BONANÇA was founded. It is the predecessor of FIDELIDADE and one of the oldest insurance companies in Europe. Established in 1835, FIDELIDADE is a pioneer in life insurance. In 2012, these two insurance companies merged under the brand FIDELIDADE. In 2014, FIDELIDADE joined Fosun, witnessed by Chinese leader and the then-Portuguese President Anibal Cavaco Silva.
In 1841, Englishman Thomas Cook organized a 500-person group tour between Leicester and Loughborough, England. That was the first commercial travel in the world. And the world's first travel agency was thus born. In November, 2019, Fosun Tourism Group announced the acquisition of Thomas Cook and its hotels Casa Cook and Cook's Club. On 18 July 2020, the Thomas Cook Lifestyle Platform was launched globally and became an online portal for the FOLIDAY ecosystem to reach consumers directly.
The predecessor of Shanghai Classical Restaurant can be dated back to Rongshun Restaurant founded in the 1st year during the reign of Emperor Guangxu (1875) of Qing Dynasty. As a flag of Shanghai cuisine, Shanghai Classical Hotel has covered a history of more than 140 years since its inception. With the efforts of Li Borong, Yang Yuying and other celebrity chefs, as well as several generations of chefs, Shanghai Classical Hotel has taken inheriting and expanding the characteristics of the local cuisine as its mission and earned multiple awards, such as "China Famous Restaurant", "China Time-honored Brand", "Shanghai Famous Trademark", "Shanghai Brand" and "Shanghai May Day Labor Award" and is unanimously recognized by domestic and overseas guests. In November 2014, Shanghai Classical Hotel's cooking art of local cuisine was selected as the project of protecting “National Intangible Cultural Heritage”. Besides, over the one and a half century, Shanghai Classical Hotel has welcomed many heads of states and witnessed historical moments again and again. Many celebrities, famous officials, and scholars have left their footprints at Shanghai Classical Restaurant.
In 1877, British engineer William Wilson invented the world's first pram by incorporating a spring system and a foldable roof into the baby carriage, in order to make it easier for his wife to take their children out. Silver Cross brand came into being. Ever since 1910, Silver Cross has become the pram of choice for the British royal family. In July 2015, Silver Cross joined Fosun.
In 1877, John Baynton and John Brodie, two pupils of St. Luke's Church School in Wolverhampton, England, established St. Luke's F.C., the predecessor of Wolves. In 1954, the Wolves won the top league for the first time. Over the past 100 years, Wolves have won 11 league champions (3 top league champions), four Football Association Challenge FA Cup champions, 2 League Cup champions and 1 UEFA Europa League runner-up. In July 2016, Wolves FC joined Fosun. In 2018, Wolves returned to the Premier League. To the date, Wolves ranked seventh for two consecutive seasons. In 1877, John Baynton and John Brodie, two pupils of St. Luke's Church School in Wolverhampton, England, established St. Luke's F.C., the predecessor of Wolves. In 1954, Wolves won the top league for the first time. Over the past 100 years, Wolves have won 11 league champions (3 top league champions), 4 FA Cup champions, 2 League Cup champions and 1 UEFA Europa League runner-up. In July 2016, Wolves joined Fosun. In 2018, Wolves returned to Premier League.
In 1889, Jeanne LANVIN founded her own fashion house in Paris and launched the brand LANVIN, triggering a boom of haute couture boutiques around the world. Since 1890, LANVIN has gradually developed into a fashion empire with hats, childrenswear, womenswear, menswear, formal wear, fragrance and even home decor. In February 2018, LANVIN joined Fosun. On 17 October 2020, LANVIN presented the Spring/Summer 2021 show on the 400-year-old Nine-turn Bridge in Yuyuan Garden, making waves in the fashion industry.
“The Best Shanghai-style Steamed Buns in the World”. In 1900, the 26th year during the reign of Emperor Guangxu (1875-1908), Wu Xiangsheng, who was from the then-Nanxiang, Jiading Town, came to Shanghai County and opened Nanxiang Steamed Bun Restaurant, a shop specializing in small steamed buns near the Nine-turn Bridge in the Chenghuangmiao district. Today, this savory, thin-skinned delicacy with generous filling and soup has become famous all over China, standing out among traditional Shanghai dishes. All year round, you see crowds of people lining up for the Nanxiang steamed buns, which adds an element of uniqueness to the district.
Founded in 1904, French health food maker St Hubert mainly produces healthy butter, plant-based yogurt, beverages, desserts and fruit mixed yogurt products, and has long been a leader in the French and Italian markets. In July 2017, St Hubert joined Fosun. In November 2019, it launched the first batch of products in the Chinese market under the name of “Sheng Youhuo”. In August 2022, St. Hubert launched a new “Tasty and Healthy” plant-based milk collection.
In 1939, after witnessing the shortage of medicines in China during the war, more than 10 patriotic teachers and students from West China Union University, founded YaoPharma (named YaoYou Pharmaceutical Factory back then) in Chengdu. YaoPharma joined Fosun group in 2002 and has gradually developed into a full-chain pharmaceutical enterprise integrating R&D, manufacturing and sales of both APls and finished products. YaoPharma has world-leading manufacturing technology and scale. It has R&D and manufacturing bases all over the country.
Shede Spirits
In 1940, Li Mingfang, who was descended from a family of brewers in the late Qing Dynasty, established the Tai'an Workshop in Shehong Liushu Town (known as Tuopai Town now), which became the predecessor of the brewery. In 1946, Ma Tianqu, a famous scholar of the former Qing Dynasty, named "Tuopai Qujiu" with the meaning of "Tuopai wine brewed in Tuopai spring and famous brand for thousands of years". In 1989, at the 5th National Spirit Evaluation Conference, Tuopai Qujiu (38 degrees and 54 degrees) became a benchmark of the strong fragrance type spirit. Moreover, it was awarded the gold medal by the National Quality Award Review Committee, granted the title of Famous Chinese Liquor, and became one of the top 17 famous liquors in China. In 1996, Sichuan Tuopai Qujiu Co., LTD. was listed on the Shanghai Stock Exchange and became the third A-share listed company in Chinese Baijiu industry. Toupai, which is known for its two core advantages of ecosystem brewing and large volume of high-quality aged spirits, owns two liquor brands: Tuopai and Shede. On 31 December, 2020, Yuyuan, a subsidiary of Fosun Group, successfully bid for 70% of the shares of Sichuan Tuopai Shede Group Company Limited ("Shede Group"), officially becoming the indirect controlling shareholder of Shede Spirits. Shede has since officially joined Fosun.
Founded in France in 1950, Club Med is the pioneer of the all-inclusive concept in the tourism industry. In 2015, Fosun successfully acquired Club Med, the world's famous travel and resort chain group. In 2018, Club Med Joyview was launched to offer all-inclusive short holidays for urban dwellers nearby. Since then, Club Med Joyview Anji, Club Med Joyview Golden Coast, Club Med Joyview Yanqing and Club Med Joyview Thousand Island have been opened. In 2022, Club Med operated nearly 70 resorts worldwide.
Established in Austria in 1950, Wolford is a leading skinwear manufacturer and brand specializing in high-quality bodywear, legwear, lingerie and ready-to-wear. With more than 70 years of history of creating long-lasting exquisite fabrics and technical innovations, the brand also meets the highest environmental and sustainability standards in the textile industry. The introduction of Wolford's athleisure line, The W, as well as The W Lab, a division dedicated to exclusive capsule collections with internationally acclaimed designers, Wolford harmoniously bridges aesthetics and values with high performance pieces.
Founded in 1951 by Sergio Rossi in his home town of San Mauro Pascoli, the brand was hailed by Vogue magazine in the 1960s as "synonymous with Italian shoemaking and classic design". With its clever use of colour and geometry, the brand has grown since the 1970s, becoming more of an "artist and engineer". With rich production and long history, Sergio Rossi's core philosophy has always been to bring high quality and exquisite craftsmanship throughout the creative process. After over 70 years of development, Sergio Rossi has become a globally recognized refined Italian brand.
On 24 March 1955, the watch trial production group approved by the Tianjin Light Industry Bureau of China, finally produced the first watch in China. The first invention is also the predecessor of the Sea-Gull. In 1973, the Sea-Gull trademark entered the international market and became China's first export watch. In 2007, China's first "double tourbillon watch" was successfully designed and developed by Seagull. In November 2019, Yuyuan Inc. acquired Seagull Watch Group, bringing it to Fosun. In 2021, Lang Ping signed a contract to represent the Seagull brand. In 2022, Seagull Watch was selected as a State-level technologically advanced "little giant" enterprise.
On 26 September 1955, Shanghai Watch's first watch with lever escapement was created. In 1958, the production of the A581 watch, the brand's first model, commenced. In the course of time, Shanghai Watch has never abandoned its modern spirit and remained its vitality, witnessing hours pass, while creating time. In 2019, Shanghai Watch officially joined Fosun Watch Group. Drawing inspiration from architecture, art and literature, Shanghai Watch started a new journey with a pioneering spirit and is committed to combining watchmaking and unique Shanghai aesthetics. Five collections were launched in 2022: Originate, Metropolitan, Artistic, FAB CHRONO, and Artisan LM.
In 1958, Italian master tailor Raffaele Caruso founded FSI in the small town of Solagna. Later, this sewing workshop has gradually developed into Italy's top menswear manufacturer and mainly makes bespoke men's clothing. The brand always adheres to 100% made in Italy, combining modern production techniques with traditional craftsmanship, and connecting "playful elegance" with daily wear. In September 2013, Caruso joined Fosun.
In 1958, Foshan Fosun Chancheng Hospital was established, formerly known as Shiwan Joint Clinic. It joined Fosun in October 2013 and was renamed Foshan Fosun Chancheng Hospital on 1 July 2021. Now it has become a national class-3A large general hospital integrating medical treatment, rehabilitation, scientific research and teaching. It has passed JCL International certification and ranked the first in the competitiveness of non-public hospitals in China. On 25 November 2022, the Magnolia Building of the Foshan Fosun Chancheng Hospital opened. Focusing on the three specialties of maternal and infant medical treatment, rehabilitation and health care, Foshan Fosun Chancheng Hospital has 18 wards, more than 20 sub-specialties and 550 beds, which can meet the demand of more than 1 million outpatient visits annually, and strive to become a benchmark of high-end women's and children's hospital in the Greater Bay Area.
In February 1958, the construction of Nanjing Iron and Steel Factory began. On 30 July 1959, the first molten iron in Jiangsu Province was produced in Nanjing Iron & Steel’s blast furnace 2. On 28 May 1960, the first billet in Jiangsu Province was produced in a small rolling mill, and Nanjing Iron and Steel Factory became the cradle of Jiangsu steel industry. In July 1996, Nanjing Iron and Steel Factory carried out corporate reform and established Nanjing Iron & Steel Group Co., Ltd. ("Nanjing Iron & Steel Group"). On 19 September 2000, Nanjing Iron & Steel Co., Ltd. (“Nanjing Iron & Steel”) was listed on the Shanghai Stock Exchange (Stock code: 600282). In March 2003, Fosun actively participated in the restructuring and reorganization of Nanjing Iron & Steel Group, and established Nanjing Iron & Steel United Co., Ltd. ("Nanjing Iron & Steel United"). Nanjing Iron & Steel United began to shift to multiple product lines, high-quality and high-tech. Nanjing Iron & Steel custom-made the weathering steel with strong atmospheric corrosion resistance for the third bobsleigh, luge and skeleton track in Asia and the first bobsleigh, luge and skeleton track in China, "Snow Dragon" (雪游龙) in the 2022 Beijing Winter Olympics. In May 2022, the first coke oven of the Indonesian coke project invested by an overseas subsidiary of Nanjing Iron & Steel was put into production to further expand its overseas presence.
In 1961, One Chase Manhattan Plaza in New York, USA was built by David Rockefeller in Lower Manhattan. In December 2013, Fosun acquired the building and renamed it 28 Liberty in 2015. In 2022, many events were held on Fosun Plaza such as “Sing for Hope”, Dine Around Downtown Food Festival, River to River Art Festival and Movie nights, etc., actively connecting with the community.
In 1962, the US couple of Robert and Marie Gray founded St. John. With excellent quality and stylish design, St. John became a model in the American fashion world. In April 2013, St. John joined Fosun.
Founded in 1962 by Hans-Heinrich Punjer in Hamburg, Germany, Tom Tailor produces high-quality, cross-age fashion clothing and accessories with stores in more than 30 countries and regions. Tom Tailor joined Fosun in 2014.
In 1972, Guilin Pharmaceutical Factory, the predecessor of Guilin Pharma, participated in the research of “artemisinin structural transformation”. In 1977, Guilin Pharma invented artesunate. In 1987, artesunate and artesunate for injection obtained the New Drug Certificates respectively numbered 001 and 002 issued by the Ministry of Health. Artesunate and its serial products are known as “malaria buster”. In 2003, Fosun Pharma achieved the restructuring and reorganization of Guilin Pharma, opening the road to the internationalization of artesunate serial products. At present, the sales volume of artesunate for injection has exceeded 240 million units, saving more than 48 million African malaria patients based on the estimated dose, most of which were children under 5.
In 1974, FFT was established and headquartered in Fulda, Germany. With advanced technology of digitization and automation, it provides flexible automated production line solutions for automobiles and new energy, and has become a benchmark enterprise of “Industry 4.0” in Germany. In May 2019, Easun Technology of Fosun completed the acquisition of FFT. In August 2020, the global headquarters of Easun Technology saw the commencement of its construction in Anting Town, Jiading District, Shanghai. The high-tech solutions of Easun Technology cover body shop, assembly shop technology, E-Mobility BU, food and beverage automation, digital business, general industry, and other intelligent manufacturing fields.
In 1975, the International Gemological Institute of Belgium (IGI) was established in Antwerp, Belgium. It is the largest independent gem identification and evaluation laboratory in the world and one of the world’s three authoritative appraisal agencies. It developed the world ’s first complete and comprehensive Cut Grade Chart , which is unprecedented in the evaluation standard of modern diamond cutting system. Today, IGI has 23 laboratories and gemological institutes worldwide. In 2019, Yuyuan Inc. acquired IGI’s controlling stake, bringing IGI’s gemological knowledge and expertise to China and other emerging markets.
In 1978, Gland Pharma was established in Hyderabad, India. It is mainly engaged in the development and production of generic drugs of small molecule injectables, being the first injectable drug producer in India to obtain FDA approval, and having extensive experience in product research and development. In 2017, Fosun Pharma acquired Gland Pharma, the largest overseas M&A by Chinese pharmaceutical companies by then. Benefiting from the contribution of Micafungin, Enoxaparin Sodium injection and new products on the market, Gland Pharma's operating revenue increased by 29.48% year-on-year in 2021. From 2017 to 2022, Gland Pharma's revenue continued to grow and created more and more value for Fosun Pharma.
Originated from Old Temple of the City Gods in Shanghai, Laomiao adheres to the mission of "Promoting National Brands, Inheriting Jewelry and Culture". Laomiao takes traditional Chinese culture as its core to convey the blessings for good luck. 2018, Laomiao launched Laomiao Guyun to interpret oriental lifestyle aesthetics with a new image. In 2022, Laomiao Guyun collaborated with French designer Thomas.V to launch Laomiao Guyun · Golden Peace series, interpreting "peace" with Western aesthetics. In the same year, it collaborated with a number of designers in different industries and launched the new Laomiao Youque series, which broke the boundary of the traditional wedding market and gave the wedding series distinct differentiation and personalism from concept to design with a new twist on China-Chic.
In 1985, Jardim Goncalves founded Millennium BCP with Portuguese investors to provide financial products and services to individuals and institutions. Although its business is mainly focused in Portugal, Millennium BCP also maintains the leading position in Poland, Mozambique, and Angola markets. Since 2010, BCP entered mainland China market by opening its Guangzhou representative office and obtained a full onshore banking license in the Macao Special Administrative Region. In November 2016, Fosun became the largest shareholder of Millennium BCP. At present, Millennium BCP has grown into the largest private bank and the only listed bank in Portugal. In the future, Millennium BCP will continue to improve its post-pandemic risk response capability, talent optimization, mobile digitization, stabilize the Portuguese market, expand global business and ensure the sustainability of its business model.
With over three decades of scientific research transforming Dead Sea wonders into skincare, AHAVA has obtained 17 patents and is the only brand possessing the secret power of Osmoter™️. AHAVA’s signature ingredient Osmoter™️ is distilled from the Dead Sea and cannot be artificially synthesized. Osmoter™️ is proven to restore skin vitality with multiple functions. AHAVA is dedicated to the application of Osmoter™️ and its complexes in all skincare solutions for consumers around the globe. AHAVA’s business footprint covers more than 50 countries and regions. In April 2016, AHAVA joined Fosun.
Fosun Diagnostics was established in 1989. In 2020, its self-developed COVID-19 nucleic acid detection kit became the first product in the industry to submit a complete clinical data report, and has successively obtained CE marking, and FDA, EUA, WHO, EUL and TGA certificates, exported to more than ten countries in Europe. On 13 April 2022, Fosun Diagnostics' COVID-19 antigen CARD kit was approved in China and became the seventh enterprise with complete dual certificates of "nucleic acid + antigen". On 10 May 2022, it obtained the EU CE marking. In 2022, it launched the self-developed and self-manufactured F-C800p fully automated biochemical analyzer, which can generate a biochemical immune assembly line when it is connected to F-i3000, fully meeting the needs of clinical examination.
In 1993, Fosun Garden, the first real estate project of Fosun, started construction and only took two months from its public sales to sold-out. In 1998, Shanghai Fosun Real Estate Development Co., Ltd. was established. In 2001, Forte Group was established. Founded in 2018, Shanghai Forte Industrial Development Group Co., Ltd. is a platform for both industrial investment and operation and hive cities manufacturing. Adhering to the strategy of "city-industry integration, and nationwide deployment", it has now covered 28 cities and created dozens of hive products in health, tourism, finance, culture, and scientific innovation.
DJULA was founded in PARIS in 1994. DJULA jewelry collections are not simply jewelry, they are works of art. All DJULA pieces are made of 18K gold and natural diamonds. The stunning range retains a young, Parisian spirit, with modern GLAM ROCK style alongside more traditional pieces. Expect only the finest materials and the most innovative designs throughout, resulting in a women's jewelry collection that perfectly fuses the classic and the contemporary to create something completely unique.
In 2001, IDERA was established in Japan. It is a leading independent asset management company in Japan with complete industry chain capabilities in the management of real estate funds and assets. In 2014, Fosun acquired IDERA and started to take root in the Japanese regional market since then. It acquired Seafort Square Citi Group Center Building, Shinagawa Seaside Park Tower in Tokyo and Tomamu Resort in Hokkaido, gradually completing a new layout in the Japanese market. In 2019, IDERA acquired The Court, a hotel operator, to expand its hotel business in Japan.
In January 2003, Fosun Pharma and Sinopharm jointly established Sinopharm Group Co., Ltd., which was listed in Hong Kong in September 2009. Its drug distribution network covers 31 provinces nationwide Sinopharm Group Co., Ltd. has now developed into a leading distributor and retailer of pharmaceuticals and healthcare ducts as well as a leading supply chain service provider in China.
In October 2003, jiayuan.com was founded, the first online dating network platform in China. In May 2005, another dating site, baihe.com, was launched. They became the two giants in the Chinese dating market. In 2017, baihe.com merged with jiayuan.com and was renamed Baihe Jiayuan Network Group Co., Ltd. In 2018, Baihe Jiayuan joined Fosun. In 2022, Baihe Jiayuan completed a brand upgrade and was renamed Lovelink to open up the whole chain of marriage and friendship, entertainment community, wedding and marriage, and reach nearly 400 million consumers in China.
Established in 2007, Babytree was listed on the main board of the Hong Kong Stock Exchange on 27 November 2018. In 2021, Babytree ushered in the new stage of “3 Begets All Things” and adopted the brand-new mission of “Building a Global M&C Well- Being Ecosystem” . It established the “3X3 SYNERGISTIC STRATEGY” with 3 core capabilities of Precise Operation, Ecosystem-BD and Tech-driven and 3 core business groups of Traffic, Consumption and Services, establishing a full-cycle M&C product and service system for families from pregnancy preparation, pregnancy to childcare and creating a healthy, happy and abundant M&C Well-Being Ecosystem. Fifteen years after its establishment , Babytree has evolved from the head platform of China's M&C community to the world-leading builder of Global M&C Well-Being Ecosystem.
Founded in 2010, Shanghai Henlius (2696.HK) aims to provide affordable and innovative biologic medicines for patients worldwide. In February 2019, HANLIKANG (rituximab injection) developed by Henlius has been approved by the National Medical Products Administration (NMPA) and became the first biosimilar approved for launch in China. In March 2022, HANSIZHUANG (PD-1 inhibitor, serplulimab injection), the first innovative monoclonal antibody developed by Shanghai Henlius, has been approved by the NMPA. At present, Shanghai Henlius has launched 5 products in China and 1 product approved for marketing in overseas markets, with 17 indications approved and 2 New Drug Applications (NDAs) under review in China, benefiting over 250,000 patients in China.
Fosun Healthcare was established in 2010 and was renamed Shanghai Fosun Health Technology (Group) Co., Ltd. in 2021. At present, Fosun Health has 18 general and specialized hospitals and third-party testing institutions, with a total of 5,732 hospital beds, focusing on online and offline integrated medical centers and specialized medical care with the management of patients throughout the course of disease, and is committed to building a Fosun Health Maintenance Organization (FHMO) model in China.
In 2012, Fosun and Fortress of the US jointly established “Fosun Starcastle”, forming the top-end active elderly caring brand. In 2013, the Fosun Starcastle Central Retirement Community in Baoshan District, Shanghai was officially opened. In 2016, Fosun Starcastle Pujiang Retirement Community has opened. Fosun Starcastle has created a brand new lifestyle of the elderly in China, focusing on active senior living and aiming to create a continuing care retirement community. The idea of “life is about continuing to grow” has been changing the senior lifestyle in China.
In September 2012, the Shanghai-based Pramerica Fosun Life Insurance Co., Ltd. was formally established. Co-sponsored by Fosun and Prudential Financial of the US, it has established a customer-oriented sales model through diversified channels such as agents, bank insurance, health insurance, intermediaries and the Internet. On 26 October 2012, the first policy of Pramerica Fosun was launched.
Founded in November 2012, Fosun Foundation is a public welfare foundation with Fosun as the main donor. As a "5A Social Organization", its interests include disaster relief, rural revitalization, poverty alleviation through health, youth entrepreneurship, education and arts and culture. In 2015, Fosun Foundation established the "Fosun Global Corporate Social Responsibility (CSR) Alliance" with 14 overseas member companies of Fosun including Fidelidade and Club Med. In 2022, the CSR Alliance was upgraded to "Fosun Global CSR Empowerment Committee", deeply practicing Fosun's original aspiration of "Contribution to Society”.
In December, 2012, Peak Re was established under Fosun, with headquarters in Hong Kong, China. It is one of the few reinsurance companies in the Asia Pacific region that is locally based and underwrites life and non-life insurance. It has been appraised as "Asia's Reinsurance Company of the Year” for fine consecutive years.
Established in 2000, Luz Saúde is one of the largest healthcare groups in the Portuguese market. Luz Saúde offers a full range of healthcare services that ensures continuity of care and can respond to changing health needs of people throughout their lives. Luz Saúde’s vision is to be a leading healthcare provider in highly specialized and complex medical care recognized as a reference of excellence and innovation through integration of patient care, teaching and research.
In May 2015, IDongjia app was launched. It has gradually developed from an online community that provided product displays and interactive exchanges for artisans and craft enthusiasts to an online trading platform for artisan works. In 2017, IDongjia joined Fosun and is now China's leading platform of oriental lifestyle aesthetics, connecting more than 10,000 excellent craftsmen and many lovers of Chinese traditional culture.
In September, 2015, Fosun acquired the entire equity of Plot 8-1 in the Bund where the history, culture, economy of Shanghai converge and focused on building the BFC. On 12 December 2019, the BFC was officially opened. It covers an area of 420,000 square meters and integrates office, shopping, art center, hotel and health management. It is the only experiential all-business complex at the heart of the Bund financial belt. On 6 June 2020, the first BFC Fengjing Weekend Market opened, and BFC became a new photography spot in Shanghai.
In November 2016, Fosun Foundation (Shanghai) was opened. Its unique curtain design is known as “the dancing house”. To date, Fosun Foundation (Shanghai) has hosted 21 large-scale art exhibitions, 333 public education events, hundreds of cross-brand collaborations, and served over 1.25 million visitors. In July 2022, Fosun Foundation (Chengdu) was established in Chengdu Hi-tech Industrial Development Zone. The façade was renovated by Shuhei Aoyama's B.L.U.E. Architecture Studio. It is the first external expansion of Fosun Foundation (Shanghai) in six years since its establishment, and has become a new art and cultural landmark in the southwest.
Fosun United Health Insurance Co., Ltd. was established in January 2017. Focusing on family users, Fosun United Health Insurance is powered by the engine of Industry Internet, and offers premium health insurance products based on the FC2M concept. It leads the creation of an Industry Internet O2O integrated model with Chinese characteristics that integrates "Internet+, health insurance+, and health services+", and is committed to becoming a leading health management service group in China.
In 2017, Fosun Pharma and the US-based Intuitive Surgical jointly established Intuitive Fosun to accelerate the development of surgical robot technology in China. As of 17 November 2018, Da Vinci surgical robots had completed 100,000 surgeries in China and cured nearly 100,000 patients per year from then on. In 2022, the construction of the medical robot manufacturing and R&D center of the Intuitive Fosun headquarters and industrialization base project commenced in Zhangjiang, Shanghai. With a total investment of over RMB700 million, the project will further enhance the accessibility of innovative medical robots in China, helping to realize the "Healthy China 2030” initiative.
A joint venture between Shanghai Fosun Pharmaceutical (Group) Co., Ltd and Kite Pharma, a Gilead company in US was established in April 2017. Fosun Kite brought in Yescarta (Axicabtagene Ciloleuce), which is the world's first approved CAR-T cell therapy for adult patients with certain types of NHL. Yi Kai Da is an autologous CD19-directed CAR-T cell therapy manufactured in China pursuant to a license from Kite and has received approval from the National Medical Products Administration (NMPA) on June 22, 2021. As of October 31, 2022, Yi Kai Da (Ejilunsai Injection) has been listed in 70 provinces and cities of urban benefit insurance and more than 60 commercial insurance, which has registered up to 150 treatment centers.
On 11 September 2017, Fosun led the Consortium of Zhejiang Private Merchants to contract China’s first privately-held high-speed railway, the Hangzhou-Shaoxing-Taizhou Railway, with Zhejiang Provincial Government. In the same year, the Hangzhou-Shaoxing-Taizhou Railway project became the only private enterprise project to be included in the chronicle of major events since the 18th National Congress of the Communist Party of China (《党的十八大以来大事记》). On 8 January 2022, the Hangzhou-Shaoxing-Taizhou Railway was put into operation, further consolidating Fosun's presence in the rail transit field. It has also become an exemplar of the railway system, and the road to reform, expressway, culture, tourism, and common prosperity.
Following the guidance of the National Health Commission of the People's Republic of China, Fosun Foundation worked with China Guangcai Foundation and China Population Welfare Foundation to launch the Rural Doctors Program in December 2017. Focusing on protecting, empowering, and incentivizing rural doctors, Fosun Foundation dispatches its employees and recruits volunteers of China's Far West Project to implement the “Five One's” project. The Rural Doctors Program contributes to the national call of poverty alleviation and rural revitalization by providing trainings and incentivizing qualified doctors to stay in rural areas, improving the capacity and accessibility of primary health care services, thus reducing illness-induced poverty.
Fosun Aitrox was established in early 2018, which is the first independent incubated company under Fosun focusing on medical artificial intelligence, integrating software, hardware, operations and medical services. Adhering to the mission of "AI creates a healthy life for one billion families around the world". The company is the only medical AI enterprise in China that integrates multiple departments such as "radiology, pathology, ultrasound, heart, respiratory, orthopedics, neurology, nail and breast surgery" and has 5 registration certificates in different fields. Currently, a total of 342.4 points have been gained for the impact factor of scientific research articles published by SCI, over 50 projects and funds have been awarded, including more than 10 national major projects. Fosun Aitrox has also won several titles at international contests such as LUNA, Cancer Cellenjoying Challenge, MICCAI-FLARE etc., whose business model covers "top three hospitals", "primary medical care" and "smart medical care".
On 28 April 2018, Atlantis Sanya was officially opened in Haitang Bay after five years of construction. It is the first Atlantis in China and the Pacific Rim. With an area of 540,000 square meters, the resort was jointly built by more than 80 internationally renowned architecture and design agencies, covering resort, entertainment, food and beverages, shopping, performing arts, properties, international exhibitions, and marine cultural experience. Integrating the Lost Chambers Aquarium, the thrilling Aquaventure water park, the Avenues, the C Theater and resort hotel with 1314 rooms, Atlantis Sanya has become the first choice for family travel and an attraction for leisure vacation.
Established in 2018, Wolves Esports is the global esports segment under Fosun Sports Group. At present, Wolves Esports is active in China, the United States and the United Kingdom. Wolves Esports has seven teams in China, including Honor of Kings, Identity V, QQ Speed mobile, Call of Duty mobile, FIFA Online4, Naraka: Bladepoint and PUBG mobile. Chongqing Wolves is the first Grand Slam and seven-time champion in the history of King Pro League. The team is also the first KPL team with the Honor of Kings Xingyuan skin and the championship signature. Chongqing Wolves player Fly has been awarded MVP six times in finals and has been nominated for the world best mobile esports player of the year. In the United States, Wolves established a partnership with Evil Geniuses which was featured in many international esports events such as S12 and TI11. In the United Kingdom, the Rainbow Six team, which is a top team in Europe, won S2 and S3 of the 2022 European League.
On 25 August 2019, the construction of The Fosun Bund Center in Hanzheng Street Central Service District in Wuhan began. With a planned total construction area of approximately 1.44 million square meters, the project is planned to build the world's tallest twin towers with a connecting corridor, Mall Plus Riverside shopping and Art Park, Fosun Foundation (Wuhan), luxury apartments and ultra-luxury hotels. In November, the 470-meter twin towers with a connecting corridor were named "Han Tower" after public bidding. In October 2022, the first batch of apartments of the project were delivered successfully.
On 16 March 2020, BioNTech and Fosun Pharma announced a strategic collaboration to develop and commercialize COVID-19 vaccines based on BioNTech’s mRNA technology platform for Greater China Market including the Chinese Mainland, Hong Kong Special Administrative Region (SAR), Macau SAR and Taiwan region. Comirnaty® was included in the government vaccination programs in Hong Kong SAR and Macau SAR in March 2021 and started to be vaccinated in Taiwan region in September 2021. The pediatric and infant formulation of BNT162b2 was approved for vaccination in Hong Kong SAR, Macau SAR and Taiwan region in 2022 successively, continuously strengthening the protection for young children. Comirnaty Bivalent Vaccine was approved in Hong Kong SAR, Macau SAR and Taiwan region in October and November 2022 successively. Comirnaty Bivalent Vaccine, which is effective against Omicron sub-lineages, is an iteration and supplement to the Comirnaty, a monovalent COVID-19 mRNA vaccine (BNT162b2). By the end of October 2022, over 30 million doses of BNT162b2 had been administrated in Hong Kong SAR, Macau SAR, and Taiwan region. On 1 November 2022, self-paid vaccination service for mRNA COVID-19 vaccine was officially provided in Macau SAR. In December 2022, Comirnaty bivalent vaccine was officially registered as a pharmaceutical product by the Health Bureau of Hong Kong SAR. On 6 January 2023, the self-paid vaccination service for Comirnaty bivalent vaccine was officially launched in Hong Kong SAR.
Established on 1 July 2020, Fosun Trade, a spin-off of Fosun Global Anti-Epidemic Wartime Command Center, is committed to Fosun's mission of "Creating Happier Lives for Families Worldwide" and is deeply engaged in new energy, consumer goods, IVD, PPE, life science, laboratory and other professional fields. Through its powerful C2M business model and agile supply chain, Fosun Trade integrates global high-quality suppliers and provides one-stop integrated trade solutions for global customers to create value on demand.
On 16 April 2020, Doptelet (Avatroppa maleate tablets), China's first medicine for the treatment of chronic liver disease-related thrombocytopenia (CLDT) was granted market access by the National Medical Products Administration, bringing in new treatment in this field. On 28 December Doptelet was included in the catalog of medicines covered by national medical insurance system. Doptelet is the world's first FDA approved thrombopoietin receptor agonist (TRO-RA) drug proved effective in both CLDT and immune thrombocytopenia (ITP) treatment and its ITP Phase III clinical research in China is now in process. Fosun hopes to further develop Doptelet in more disease treatment to care for more patients suffering from TCP.
In 2021, Yuyuan Jewelry and Fashion Group launched a lab grown diamond brand LUSANT. In 2022, its first boutique opened in CITIC Square in Shanghai.
In 2022, FOSUN MEDTECH, as one of the core business platforms of Fosun Pharma, underwent a brand upgrade. Fosun Medtech integrates products of Fosun’s domestic and overseas member enterprises to expand its business fields in three strategic orientations: "professional medical technologies and products", "respiratory health" and "medical aesthetics". FOSUN MEDTECH, which is based in China, links global resources to comprehensively accelerate the localization and digitalization of medical devices, promote industrial upgrading with innovation and digitization, continue to expand the medical device market, striving to become the world-leading diversified and ecological operation platform for medical device industry.
Azvudine is China's first oral small-molecule oral medication for COVID-19 with complete independent intellectual property rights, which was conditionally approved by the National Medical Products Administration (NMPA) on 25 July 2022. On 9 August 2022, the General Office of the National Health Commission and the Office of the National Administration of Traditional Chinese Medicine included Azvudine in the 9th edition of the Diagnosis and Treatment Protocol for COVID-19 (《新型冠狀病毒肺炎診療方案》), and on 7 December, it was included in the latest edition of the GuangDong Pharmaceutical Association's Clinical Pharmacy Guideline for Antiviral Treatment of COVID-19. On 17 December, Henan Pharmaceutical Association released the Pharmaceutical Expert Consensus of Henan Province on Antiviral Therapy of COVID-19 with Azvudine (《阿兹夫定治疗新型冠状病毒肺炎河南药学专家共识》). On 3 January 2023, Azvudine was introduced into various community health service centers (community hospitals) in Shanghai to improve the treatment and prevention capacity of primary medical institutions. Azvudine was once again included in the 10th edition of the Diagnosis and Treatment Protocol for COVID-19 on 6 January. On 9 January, Fosun Foundation, together with Fosun Pharma and Henan Genuine Biotech donated RMB100 million worth of Azvudine, which was distributed in stages to nearly 180 rural counties in central and western China. At present, Azvudine has completed the medical insurance network in 31 provinces, municipalities and autonomous regions, and has covered major medical institutions across the country.
In September 2022, Fosun launched a dermatology-grade skin care brand YOGAN, which combines the research and development capabilities of Fosun in the medical and health field and Fosun Cosmetics Global Innovation Center to solve skin sensitivity. The products have been clinically tested by Fosun Medical Aesthetics Hospital and domestic class 3A hospitals, confirming its soothing efficacy in reducing skin sensitivity.
The 5th China International Import Expo(“CIIE”) was held from 5 to 10 November 2022, during which Fosun brought a number of the world's leading medical devices and innovative drugs to the exhibition with the debut of a number of black technology products for its fifth participation in the CIIE. In the past five years, Fosun has continued to promote "exhibits" into "products", and accelerated the localization of Da Vinci surgical robot, CAR-T cell therapy products Yi Kai Da (Ejilunsai Injection), MRIdian Linac magnetic resonance guided radiotherapy system and other products, benefiting more Chinese patients. At the same time, Fosun has organized the official supporting activity Hongqiao International Health Technology Innovation Forum for five consecutive years. The fifth session which was themed on "Gathering innovation Breakthroughs, Building a healthy future” explored the innovation path and the possibilities of China's medical and health industry from a global perspective.