Fosun Chief Sees Profit Rebound to ‘Normal’ Levels Next Year
- Pandemic ‘still isn’t under control overseas,’ Guo says
- Fosun’s tourism, retail segments hit hardest by global crisis
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The billionaire founder of one of China’s biggest conglomerates said profit at his insurance, drugs, tourism and leisure group will rebound strongly next year from a 2020 plunge caused by the pandemic.
The Fosun Group’s tourism and retail segments have been hit hardest as the global health crisis curtailed travel and shopping, Chairman Guo Guangchang said in a Bloomberg Television interview.