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Fosun International Chairman Guo Guangchang poses at its headquarters in Shanghai. (Photo by Gong  Xing)
Business Spotlight

'China's Buffett' refocuses Club Med owner Fosun after overseas deals

Guo Guangchang tries to defy post-pandemic downturn with shift to health

CK TAN, Nikkei staff writer | China

SHANGHAI --- Guo Guangchang, chairman and co-founder of Fosun International, wants to be known for seizing the moment.

In 2007, armed with $1.5 billion raised from the consumer group's listing in Hong Kong, Guo began a quest to globalize Fosun, acquiring a string of overseas assets in the aftermath of the global financial crisis and earning him a label from local media as China's "Warren Buffett."

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