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China's Fosun scrambles to slim down as debt burden looms - Nikkei Asia

Nikkei Asia LogoNikkei Asia4d ago

China's Fosun scrambles to slim down as debt burden looms - Nikkei Asia - Nikkei Asia

Quick Summary:

Fosun Group is currently involved in a wide range of businesses, from commercial facilities to a gemological school.

In a video message to investors on Nov.10, Fosun Group chairman and co-founder Guo Guangchang said consumer goods and services will form the group's core moving forward.

SHANGHAI -- Embattled Chinese conglomerate Fosun Group is on track to shed over $3 billion worth of assets this year, streamlining its sprawling portfolio to dispel concerns over mounting debts.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 20:47:00 (4 days ago)

News Timezone: GMT +9:00

Ranking: #124 (out of 2475 stories this day)

News Source URL: news.google.com

Language: English

Article Length: 147 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 1917275

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 34 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #19

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The story "China's Fosun scrambles to slim down as debt burden looms - Nikkei Asia" was covered 4 days ago by Nikkei Asia, a news publisher based in Japan.

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  • URL: https://beamstart.com/news/chinas-fosun-scrambles-to-slim-16693252837736

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