As China is entering a new era in its economic and social development, transformation and development have become the drivers of endogenous growth of enterprises. How can enterprises overcome the pain points and seek opportunities for industrial innovation, financial innovation and investment innovation to create value for customers? The core logic here is starting with customer demands to astonish customers with top quality products and services based on intelligent technologies such as mobile internet and big data. In doing so, we will see the birth of “unicorns”.

Fosun has always committed in promoting the “industrial unicorns” strategy. On the one hand, we identify, invest in and incubate unicorns in the internet, intelligent technology and other sectors; on the other hand, we should create a number of highly competitive unicorns in wealth, health, happiness, innovative manufacturing and other industries by actively combining traditional industries with mobile internet and artificial intelligence, and gathering idle and low-cost resources with proven products or models.

In Fosun’s view, industrial unicorns should be “superspecies” in Fosun C2M happiness ecosystem, which are expected to deliver well-crafted products, truly address the industrial pain points, and build up the ultimate product power based on technology innovation and cutting-edge technologies; become influential leaders in respective industry and region; and can actively access capital markets to grow their market capitalization to USD1 billion, USD10 billion and USD100 billion gradually.

According to Fosun’s “unicorn” strategy, we incubate unicorns on our internal technology innovation platform, invest in unicorns through VC and PE, develop unicorns from the very beginning, and invest in unicorns in the open market, etc. We also actively engage in SOE restructuring to develop unicorns, and drive the transformation of internal projects into unicorns, etc.

According to Fosun’s “unicorn” strategy, we incubate unicorns on our internal technology innovation platform, invest in unicorns through VC and PE, develop unicorns from the very beginning, and invest in unicorns in the open market, etc. We also actively engage in SOE restructuring to develop unicorns, and drive the transformation of internal projects into unicorns, etc.

Unlike domestic peers, Fosun is committed to fostering unicorns with a global vision. Apart from fostering unicorns in China, Fosun also invests in tech start-ups in the U.S., Israel, United Kingdom and beyond, to identify potential unicorns globally.

Fosun’s “industrial unicorns” cover industrial groups, core enterprises and incubating enterprises with the above characteristics and potentials over the next one to five years, including but not limited to Fosun Pharma, Henlius Biotech, Fosun Kite, Foshan Chancheng Hospital, Fosun United Health Insurance, Fosun Tourism and Culture Group, Club Med, Atlantis Sanya, Yuyuan, Fosun Fashion Group, Lanvin, Wolford, Fosun Financial, Cloud Jet and Proxima. Each of these unicorns should serve as a strategic highland in respective industry through coordinated development, technology innovation, investment and M&A, globalization, access to capital markets and other initiatives in line with the national unicorn strategy and Fosun C2M strategy. Fosun will amass resources within its ecosystem to incubate these unicorns and help them grow rapidly.