Fosun Group was founded in 1992 in Shanghai. Its parent company, Fosun International, was listed on the Hong Kong Stock Exchange in 2007. Fosun has four business engines: insurance, industrial operations, investment and asset management. It is dedicated to becoming a world-class investment group underpinned by the twin drivers of insurance-oriented comprehensive financial capability and industrial-rooted global investment capability.
With regards to its investment philosophy, Fosun has been persistently taking roots in China and investing in China’s growth fundamentals, while grasping investment opportunities evolved from the changing lifestyles of the middle class in China and global economic transformation. It is dedicated to applying the value investing principle to its investment model of “Combining China’s Growth Momentum with Global Resources”, striving to become a China expert with global capacity, with a view to creating value for the society and its shareholders.
While pursuing economic development, Fosun also shares the fruitful results of development with its staff, partners and the community, taking the initiative to contribute to the society. Fosun also strives to improve the business and natural environments of China so as to support the rejuvenation of the Chinese economy and culture.
In order to serve the trend of upgrading urbanization in China, Fosun has introduced its Hive City (Community), a product under the new model of urbanization, using a public-private partnership model, featuring “urban-Industry integration with urban development underpinned by industrial operations.”
The Hive City (Community) products tap Fosun’s existing resources in its industrial investments, combining with national and global resources to design and provide direct financing, healthcare and medical care, culture and travel, and trade and logistics, etc., seeking to pioneer innovative planning concepts through establishing a 3-in-1 community for work, living and consumption. Through industries providing core service functions and consumption services, these communities provide many diverse job opportunities.
This Hive City (Community) model will also lower the barriers of entry to provide room for innovative entrepreneurial start-ups, seeking to constitute functional communities that are self-sufficient and environmentally friendly. These functions will gradually form community-style cities.