Fosun Group plans to invest tens of billions of crowns into real estate, manufacturing and small technology companies in the Czech Republic. Hospodářské noviny writes that the Chinese private conglomerate wants to invest between €1bn and €3bn, or roughly CZK 80bn. Additional investment from private Chinese businesses and banks are expected to follow.
Fosun representatives met with Czech politicians and businesses at a technology fair in Shanghai last week. Specific projects are yet to be discussed, according to Karel Kučera, director of CzechInvest, but the daily writes that one Czech company has already rejected Fosun’s proposal. Logistics provider 4PX is another Chinese business that wants to enter the Czech Republic. A joint venture between Singapore Post and the China’s Alibaba Group wants to build a logistics center in North Bohemia or in the Karlovy Vary region.
