[21] From 2010 through 2015, Fosun spent billions buying foreign firms in the healthcare, tourism, fashion, and banking industries in the US and Europe.
[29] In July 2016, Fosun bought the English football club Wolverhampton Wanderers from its previous owner Steve Morgan for an estimated £45 million.
[36] On 28 August 2019, Thomas Cook Group announced that the group "had agreed the main terms of a rescue package that will see Hong Kong’s Fosun Tourism take over its tour operations and creditor banks and bondholders acquire its airline"[37] In early November 2019, Fosun said it would purchase the Thomas Cook brand for £11m.
[39] They also signed an agreement in July 2020 with a high-end Italian jewelry group to develop the Damiani and Salvini brands in China.
[41] In 2022, after has been severely hit by the effects of the COVID-19 pandemic and China's extreme lockdown policies, the Shanghai-based conglomerate divested many of its key assets to avoid defaulting on its short-term debts.
By October 2022, Fosun announced that it would sell as much as $11 billion of assets within the next 12 months, amid efforts to bolster both its balance sheet and investor confidence.
[42] During the coronavirus pandemic of 2020, Fosun Pharmaceuticals partnered with German biotech firm Biopharmaceutical New Technologies (BioNTech) to produce and distribute the COVID-19 mRNA vaccine BNT162b2.
[45][46] Fosun has a wide array of business activities, including investing in other firms, managing a number of private equity funds, and entering joint ventures.