Tag: Fosun International Ltd
China’s Fosun International planning to grab North American tourism market
Chinese multinational company Fosun International Ltd is planning to expand the business in North America’s tourism and leisure market through acquisitions. Fosun, the parent company of Club Med Sas aims to begin a new product line for China by acquiring travel agencies, resorts, theme parks or anything related to tourism sector. Currently, Fosun and Med receives most of the revenue from Asia and Europe. The firm presence in North America will enhance the tourism portfolio of the company. It is believed that the ongoing trade tensions between US and China will not affect the travellers and tourism sector. “We take ... Read more