The move is part of the acquisitive company's goal to lead the way to the next big tech breakthrough, and build up an investment empire of billion-dollar companies.
The gearing ratio of the acquisitive developer fell to 66.9 percent, from 72.2 percent as of June 30.
Fosun International, one of the largest private conglomerates in the Chinese mainland, is looking to bankroll a big effort in biotechnology and artificial intelligence, a move that will essentially help the acquisitive company lead the pack in the next technology breakthrough and build up an investment empire of billion-dollar companies.
[Photo/Agencies]Fosun International, one of China's most acquisitive conglomerates, is betting big on cementing its role as a "global value investor" in a more progressive and sophisticated manner, in a sign of its determination to bolster the country's vision to develop the next growth engine.
HNA, one of China's most acquisitive conglomerates, now spans its business across aviation, finance, real estate, logistics, hospitality, tourism and ecological technology, and it is adding news media to its portfolio.