By Hui-yong Yu
Anbang had discussed investing more than $400 million.
Fosun is one of China’s most acquisitive conglomerates.
Fosun International Ltd , controlled by one of China’s best-known entrepreneurs, announced a major management reshuffle late on Tuesday after saying net profit rose 28 percent for 2016 thanks to steady growth in core businesses. In a statement to the Hong Kong stock exchange, the Chinese insurance, healthcare and entertainment… Read more »
Tesla’s shares were up nearly 2% at $275.60 in premarket trading on Tuesday.
Unigroup has been an aggressive acquirer and capacity-builder.
HNA, with $100 billion in assets, has been on an acquisition spree.
Chinese internet giants see flurry of fund-raising.
His departure follows earlier moves by Andrew Ng and Zhang Tong
China’s bad debt turns into investor sweet spot.
Activity is continuing despite the recent restrictions.