Fosun International's Finloop to Expand Services in Virtual Assets and Enter New Markets

According to Odaily, Fosun International's wealth management platform, Finloop, is set to expand its innovative services in the field of virtual assets. Cheng Kang, the CEO of Fosun Wealth, stated that the company is planning to enter new markets including Singapore, Southeast Asia, and the Middle East, in addition to expanding in the Hong Kong market. Cai Hua, an international partner at Fosun Wealth, revealed that the company is currently applying for relevant licenses in Singapore and expects to officially enter the local market next year. Following this, the company plans to sequentially expand into the Middle East and Southeast Asian markets. This move is part of Fosun International's broader strategy to diversify its services and reach a wider customer base.