Fosun Tourism & Culture Group includes a Chinese joint venture with tour operator Thomas Cook Group and the luxury Atlantis Resort Hotel in Sanya, Hainan province, as well as Club Med, according to IFR, a Thomson Reuters publication.
Shanghai-based conglomerate Fosun International is reported to be in talks with investment banks to list its tourism business, which includes French resort chain Club Med.
Fosun Tourism & Culture Group includes a Chinese joint venture with tour operator Thomas Cook Group and the luxury Atlantis Resort Hotel in Sanya, Hainan province, as well as Club Med, according to IFR, a Thomson Reuters publication.
Fosun, co-founded by Chinese billionaire Guo Guangchang, bought Club Med for US$1 billion in 2015.
Reports indicate that Fosun hopes to raise US$500 from a Hong Kong listing of its leisure and lifestyle businesses, which it refers to as its “Happiness” unit.