Over the past few years, through “core business-focused and business streamlining”, Fosun, guided by its positioning as a global innovation-driven consumer group, has undergone a profound and steadfast transformation, forging unique capabilities few can match. These capabilities reflect Fosun’s unwavering strategic commitment, entrepreneurial insight, and the enduring foundation that enables the company to continuously create value over time.

Since its launch in 2024,Fosun Biz-Insights has documented Fosun’s development and evolution. From an insider’s perspective, it has spotlighted critical moments of strategic decision-making, analyzed complex business practices, and captured leaders’ thought processes and rationale, ultimately charting Fosun’s core capabilities.

Innovation has always been a key driving force in Fosun’s development. In the innovation chapter, we explore Fosun’s journey in biopharmaceutical innovation, from the breakthroughs of HANSIZHUANG and HLX43 to building an open, globally connected innovation system rooted in Shanghai. Guided by unmet needs, Fosun has forged a truly global innovation ecosystem.

As one of the earliest Chinese private enterprises to go global, Fosun has established a business presence in more than 40 countries and regions worldwide. In the globalization chapter,from Club Med’s continued global business breakthroughs to Fidelidade’s significant strides in international expansion, we wit

ness Fosun combining global resources with China’s capabilities. Through product globalization and global operations, Fosun has steadily increased the proportion of revenue from its overseas markets.

Amid a complex and fast-changing market landscape, Fosun remains deeply committed to industries where it has established clear industry advantages. In the industry operations chapter, from innovations in offline experiences at Grand Yuyuan to product upgrades in its cultural tourism business, we continue to spotlight Fosun’s innovation and breakthroughs in the family consumption sector.

As 2025 draws to a close, this Fosun Times Special Issue brings together the key observations from Fosun Biz-Insights. We believe these insights and frameworks drawn from real-world operations hold value far beyond a single company. They serve as a valuable case study on how Chinese enterprises in this new advance globalization, achieve deep industry transformation, and systematically build enduring competitiveness.