As Chinese firms chase overseas targets, Fosun sells assets and turns homeward

As Chinese firms chase overseas targets, Fosun sells assets and turns homeward

A company logo of Fosun International is seen at the Fosun Fair held alongside the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015. REUTERS/Bobby Yip/File Photo

As compatriot HNA Group Co. spends like there’s no tomorrow, Fosun International Ltd., the first of China’s big conglomerates to embark on an overseas buying spree, is selling assets and turning inward. That’s a smart move.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter