日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Companies

Finding the right work-life balance

By Bloomberg (China Daily) Updated: 2014-07-14 07:02

Finding the right work-life balance

Fosun Group's booth at a recent international exhibition in Shanghai. Fosun plans to double its assets in the next five years and is on the lookout for healthcare, tourism and fashion acquisitions in the US and Europe. Provided to China Daily

Tycoon follows Buffett's investment strategy to build a business empire

Twice a week in the winter of 1987, students living in the No 5 dormitory of Shanghai's Fudan University would hear a familiar knock close to midnight. A slight, bespectacled philosophy major was going about his rounds selling bread door-to-door.

The student, Guo Guangchang, earned about 30 yuan ($4.80) a month, doubling his income to help support himself through college. "I had a government subsidy then, but living costs were high," Guo says.

Guo is flush with dough these days. Using Warren Buffett as a model, he is one of a number of tycoons remaking the face of Chinese dealmaking, becoming China's eighth richest person in the process. In contrast to State-owned companies that traditionally bought resources such as mines and oil fields to fuel the country's soaring economy, Chinese entrepreneurs like Guo, 47, are looking overseas for brands, technology and financial assets that cater to the nation's growing ranks of the affluent.

Finding the right work-life balance
Fosun Group inks airport deal in Greece

Finding the right work-life balance
Fosun cooks up deal for Malaysian eatery chain

"Our focus going forward is on sectors where the life of China's middle class can be upgraded: health, travel, leisure, education and the Internet," says Guo, chairman of the $48 billion-asset Fosun Group, whose fortune is estimated at $5.7 billion by the Bloomberg Billionaires Index. "We call it marrying China's growth with global resources."

Since 2010 Fosun has invested more than $3.4 billion in overseas assets including French resort operator Club Mediterranee SA, JPMorgan Chase & Co's 60-story tower 1 Chase Manhattan Plaza in New York and Raffaele Caruso SpA, an Italian maker of $3,300 suits, according to data compiled by Bloomberg.

Guo built Fosun by borrowing from the approach used by Buffett's Berkshire Hathaway Inc. It invests in financial assets such as insurance to secure long-term funding that can be deployed to expand across a range of businesses, said Eugene Qian, Citigroup Inc's Shanghai-based head of global banking for China.

"Many people talk about being Buffett in China but few can pull it off," Qian says.

Other Chinese entrepreneurs acquiring more overseas include Jack Ma, founder of China's largest e-commerce company Alibaba Group Holding Ltd, which this year bought stakes in messaging service TangoMe Inc and ride-sharing app Lyft Inc, and Wang Jianlin, who started Dalian Wanda Group. Dalian Wanda acquired British yachtmaker Sunseeker International Ltd last year, after purchasing US cinema chain AMC Entertainment Holdings Inc in 2012 for $2.6 billion including debt.

Guo grew up in Hengdian in Zhejiang province, a small farming town about 240 kilometers south of Shanghai. Plain rice served with marinated dried pickles was a major staple of the billionaire's diet as a youngster.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 欧美高清18 | 看片在线观看 | 欧美女人天堂 | 国产人妻人伦精品潘金莲 | 国产精品一区二区三区四区 | 久久久久无码国产精品一区 | 日本不卡在线 | 大伊香蕉精品视频在线天堂 | 亚洲美女视频 | 日韩精品网站 | 国产福利99 | 天天做天天爱天天综合网 | 九九99九九视频在线观看 | 五月婷婷综合在线视频 | 国产综合av | 亚洲精品国产精品国自产观看 | 亚洲一本| 精品国产三级a | 九九久久国产精品 | 国产一区二区小早川怜子 | 欧美黑人xxx | 天天色天天操天天射 | 一级片一级片一级片一级片 | 成人一区二区三区四区 | 亚洲视频免费在线看 | 欧美韩国日本一区 | 久久99精品久久久97夜夜嗨 | 久久久久免费观看 | 久久99综合国产精品亚洲首页 | 国产精品国产a级 | 亚洲高清在线视频 | 国产成人精品免费久久久久 | 五月综合激情在线 | 国产精品毛片无码 | 波多野结衣一区二区三区四区 | 日日麻批 | 亚洲精品一区二区三区福利 | 黑人精品欧美一区二区蜜桃 | 色综合亚洲色综合久久网张柏芝 | 欧美日韩精品一区二区三区视频 | 九九视频精品全部免费播放 |