Fosun rebounds after property clean-up with core focus on growth, innovation

Fosun International is emerging from a painful clean-up of its property portfolio with a sharper focus on pharmaceuticals, insurance and tourism, betting that years of asset sales and debt reduction have cleared the way for a return to growth. The group swung back to stronger profitability in the first half, helped by the absence of the heavy impairments that weighed on 2025 earnings. Chairman Guo Guangchang said in a statement on Thursday that the company had completed a systematic process of...