Volume No.6 | 08/31/2017

Fosun Times is the bi-weekly publication of Fosun Group. Founded in Shanghai, Fosun has a finger on China’s pulse with a extraordinary understanding of global business trends, and the evolving changes of the middle class consumers. Fosun Times features selective business stories in the world’s new economy, glocal competition, the artistic anecdotes from different local market around the world.

Fosun News Fosun International Records Net Profit of RMB 5.86 billion in 1H2017 RESULTS HIGHLIGHTS: Net profit increases 33.6% year on year 50.0% increase in cash, 14.9% reduction in net debt Adjusted book value per share of HK$30.23 C2M model now helping companies deliver profit Read More

Not only to “Go Global”, but also to “Head Back Home” In a recent editorial piece by Xinhua News Agency, China's top newswire with global presence, Fosun has been praised as an example of listed companies whose outbound investments are rational. The article also talks about news trends in the global M&A market. Read More

Fosun Family

Club Med Bintan Island Worlwide Event: A Holsitic Wellness Escape From 29th to 31th of August, Club Med Bintan Island hosted a worldwide media event to celebrate the renovated and refurbished Premium Resort located in abundant nature and lush tropical island landscapes just an hour away from Singapore, the Garden City. Read More

Thomas Cook Delivers Travel Partnership With Wolves The UK's leading sports travel tour operator, Thomas Cook Sport, has been unveiled as the Official Travel Partner for Championship club Wolverhampton Wanderers, providing the first team and under 21’s with their travel arrangements and services throughout the 2017/18 season. Read More

Cirque du Soleil Launched A New Show ‘Ovo’ Cirque du Soleil’s vibrant ‘OVO’ just landed. To the music of Brazilian Samba, OVO beats its wings in a flurry of butterflies, dragonflies and more. Read More

Fosun's Viewpoints Guo Guangchang: Going Global For A Win-win In his recent flight from to Shanghai from Paris, Fosun Chairman Guo Guangchang thought about how going global can achieve a win-win outcome, taking about overseas investments by some Chinese companies, China’s Belt and Road Initiative, integration of global resources, etc. Read More

China Insight Out China Signs Second-largest Deal for U.S. Soybeans A delegation of commodity importers from China recently signed agreements to buy 12.53 million tonnes of U.S. soybeans and 371 tonnes of U.S. beef and pork. The total value of the combined soybean and meat deals was set at $5.012 billion by the U.S. Soybean Export Council. Read More

How Tsingtao, CR Snow and the Other Beer SOEs Won Big in China The Chinese beer market looks similar to beer markets in the rest of the world – mostly regional markets mostly dominated by a few giant beer companies. But one big difference is that: The dominating beer giants (Tsingao, Yanjing and CR Snow) that emerged over time in China are all State-owned companies. Read More

Consumer Barometer How the Internet's Growth Will Shift its Center to Asia and Change its Center Within Asia The rise of Asia's Internet population, like so much of the Internet, is so rapid and big that it's hard to compare it to all the other and rapid and big things out there. Read More

GloCal 2.0 Why Starbucks Succeeded In China: A Lesson for All Retailers The company is opening a store a day and aims to have 5,000 stores in the next few years. Its fundamental strategy is to speak to the essence of Chinese culture, giving it the wisdom to develop the long-term vision, local relationships, and localized product offerings for the market. Read More

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