May 19 2018, 1:43 PMMay 22 2018, 4:53 AMMay 19 2018, 1:43 PMMay 22 2018, 4:53 AM
China's Fosun is seeking to expand into North America's tourism and leisure markets. It's eyeing acquisitions of tourism-related companies from travel agencies and resort brands to recreational pursuits providers, senior vice president Qian Jiannong said. He added that he didn't think trade tensions between China and the US would affect tourism demand. A move into the US is seen as complementing Fosun's Club Med unit.