Fosun Group
Since 1994, Guo has been the chairman of Fosun Group and invested in insurance, pharmaceuticals and healthcare, property, steel, mining, retail, services, finance and other investment, and asset management, creating one of the largest non-state owned enterprises in China.[6] Fosun International employs over 74,000 people.[7]
In 2007, Fosun International the holding company of Fosun, was listed on the HKSE.[8] Fosun has invested in Club Med of France,[9] insurance company Fidelidade Seguros of Portugal[10] and Folli Follie of Greece to jointly explore opportunities brought by the growth of China's economy.[11]
It was reported on 11 December 2015 that Guo had been detained by police; Fosun International stated he was "assisting authorities with an investigation". This led to shares in his Hong Kong-listed subsidiary being suspended.[12] On 14 December, Guo was released and appeared at Fosun's annual meeting in Shanghai. It was Guo's first public event after his detainment.[13]
In July 2016, Guo's Fosun International purchased Wolverhampton Wanderers Football Club, a professional association football club based in Wolverhampton, West Midlands, England for a reported £45 million from previous owner Steve Morgan. Wolves went on to clinch the 2017–18 Championship title, to return to the Premier League after a 6-year absence. Wanderers's return to the Premier League resulted in a seventh-place finish in their first season back, their highest placing in the top division since finishing sixth in 1979–80.This position also earned them a place in the Europa League and their first European campaign since 1980–81.[14][15][16]
