The deal values the new-age logistics services provider at around $4 billion.

According to sources, both deals were at an advanced stage, and Fosun had formally proposed terms for acquiring a stake in the companies, o...

The company may raise up to $800 million or Rs 6,000 crore, a source with the knowledge of the matter said.

Cirque du Soleil has also cancelled shows and laid off its artistes.

The first batch of medical protective supplies to India, 5,000 pieces of surgical masks that were cleared for use in the “red zone” of hosp...

“Making shared mobility work reliably at scale, while keeping it affordable and convenient, is a massive technology problem. We spent many ...

US firm Constellation Alpha had earlier agreed to buy the Indian diagnostic chain, but deal fell through.

VC arm invests $5 million in Bengaluru-based firm marking its second bet in logistics sector.

Often known as China's Warren Buffett, Guo Guangchang prefers to be his student instead. His mysterious disappearance last year raised many...

Fosun Pharma and Fosun International indirectly hold approximately 74 per cent equity interest in Gland Pharma, the joint statement added.

The venture firm is actively hunting for startups in the logistics and fintech space to invest in early-stage opportunities.

The companies haven’t been formally notified yet of the move, the people said, asking not to be identified because the information is priva...

Shanghai Fosun will acquire the shares held by Gland Pharma founders Ravi Penmetsa and his family and PE giant KKR.

Fosun has agreed to acquire 96 percent stake, which includes shares held by founders of Gland Pharma Ravi Penmetsa and family and private e...

Coming from behind in a closely fought race that saw US giant Baxter and private equity fund Advent make firm offers early May, Hong Kong-l...

The Hang Seng China Enterprises Index retreated for a seventh day, led by industrial and power companies.

Baidu is China’s most popular search engine. The company is listed on Nasdaq and has a market cap of $52 bn. Fosun is listed in Hong Kong.