The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's 'only pathetic if no one wants what we offer'

Tue, 04/25/2023 - 03:41

Tech Insider

• The co-chairman of Fosun has been on an asset-selling spree since May. 
• The company posted a 95% year-on-year dip in annual 2022 profits. 
• "It's not pathetic that we are selling assets," he said, per Bloomberg.

Billionaire Guo Guangchang — the self-styled Warren Buffet of China, whose conglomerate Fosun International posted a 95% year-on-year dip in annual 2022 profits — has been on an asset-selling spree for almost a year.

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News, finance, China, Fosun, companies, Debt

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The Warren Buffett of China, whose company just posted a 95% dip in annual prof…