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BEIJING (Bloomberg): Billionaire Guo Guangchang, the founder of Chinese conglomerate Fosun Group, has appealed for help in his country’s efforts to contain the deadly coronavirus that has killed at least 213 people and infected more than 9,600.
Singapore’s CapitaLand Investment Ltd is in advanced talks to buy a minority stake in French luxury resort chain Club Med SAS from its Chinese owner Fosun International Ltd, according to people with knowledge of the matter.
Chinese dealmaker Bao Fan, founder of investment bank China Renaissance Holdings Ltd, has gone missing in the latest disappearance of a top business executive, unnerving investors and sending its stock down as much as 50% on Friday.
In a rare public appearance last week, Fosun Group founder and billionaire Guo Guangchang teamed up with one of China’s biggest online marketing celebrities to tout luxury resort packages and masks from a French fashion label.
SHANGHAI: Fifty thousand pieces of medical protective clothing from Germany, the first batch of medical supplies urgently needed in areas affected by the novel coronavirus epidemic and purchased and allocated globally by Chinese conglomerate Fosun, have arrived in Shanghai.
LISBON (Xinhua): A batch of medical supplies delivered by China's Fosun Group, including 1 million face masks and 200,000 test kits, arrived in Lisbon from China on Monday (March 30), according to a press release by the company.
HONG KONG: Asian tycoons are looking to snap up assets pummelled by the deadly coronavirus at bargain prices, but they are also facing hurdles as more governments seek to deter foreign takeovers of local firms.
Fosun Tourism Group is nearing a buyout offer to take itself private, people familiar with the matter say, as the owner of luxury resort chain Club Med SAS seeks to boost growth as a closely held firm.
The rocket army veteran’s name on a funeral wreath is a small but significant sign in an opaque system where indirect appearances matterWei retired shortly before China’s military purge swept up his successor and senior Rocket Force officials and has been absent for months
In some cases, pent-up demand will allow hotel and resort operators to raise prices by as much as 10 times during the forthcoming national holidayMany onshore-listed travel-related companies have managed to turn around their business this year since China abandoned its zero-Covid policy
TAIPEI (Bloomberg): Taiwan’s government faces mounting pressure to work with China to obtain Covid-19 vaccines, a politically unpalatable option for officials in Taipei struggling with an outbreak that risks disrupting tech supply chains.
Several Western media outlets have reported the disappearance of Jack Ma, China’s most prominent businessman, and co-founder of e-commerce and entertainment giant Alibaba. Some reports claim Ma hasn’t been seen in public for some two months.
SHANGHAI/SINGAPORE: Investors are bracing for a potential plunge in Chinese markets on Monday when onshore trade in stocks, bonds, yuan and commodities resumes following the Lunar New Year break and a steep global selldown on fears about the spread of a new virus.
