Guo Guangchang: Very optimistic about two major AI directions in the future

On February 21, Guo Guangchang, Chairman of FOSUN INTL, attended the opening ceremony and delivered a speech at the 25th Annual Meeting of the Yabuli China Entrepreneurs Forum.

The investment notebook representative summarized the key points of his sharing as follows:

1. Chinese private enterprises have never feared hardship or uncertainty; as long as they are qualified to participate in the competition, we can ultimately win.

2. When we run each enterprise, we do not treat it as a pig to raise, but as our own son or daughter.

3. When we sell, we achieve a win-win situation: one is to have a reasonable price, and the other is, for example, selling the German private bank to the Dutch bank, which will generate huge synergy and strategic value, forming stronger competitiveness.

4. For FOSUN, the future will still focus on "digging deep" in advantageous industries such as health, travel, and consumption, relying on industrial operational capabilities to make money through "craftsmanship," and relying on innovation and globalization to deeply cultivate domestic and global markets, fully integrating AI to enhance efficiency.

5. In the future, I particularly favor two directions: one is AI empowering various vertical industries for reconstruction and upgrading, and the other is the revolutionary changes in productivity and production relations brought about by the real combination of physical AI and virtual AI.

The following are the highlights compiled by the investment notebook representative (WeChat ID: touzizuoyeben) to share with everyone:

Private enterprises have never feared competition; as long as they are qualified to participate, they can ultimately win

During the Spring Festival, I went to see "Ne Zha 2" with my family. This is a phenomenal work of Chinese IP, so as long as the IP is done to perfection, there will definitely be a market; as long as the product is done to perfection, there will definitely be a market.

Over the years, Chinese private enterprises have never feared competition; they only fear not having the qualification to compete. Competition among enterprises is intense, but it has also fostered competitiveness and core technologies, allowing us to compete on the international stage.

Chinese private enterprises have never feared hardship or uncertainty; as long as they are qualified to participate in the competition, we can ultimately win.

As a private enterprise, the most concerning issue is the business environment.

The greatest sense of security for entrepreneurs comes from the rule of law. We focus on the fairness of the results regarding the rule of law and law enforcement, but I believe that the fairness and transparency of the process are also very important. If every link of law enforcement can be fair, a fair result will naturally follow, allowing everyone to have clear standards and expectations in every aspect of business activities.

When doing business, we do not treat it as a pig to raise, but as our own son or daughter

In the past few years, the economy and consumption have been under pressure, and FOSUN has actively "trimmed down and focused on its main business," exiting some non-core assets.

For example, we sold our German private bank to the Dutch bank, recovering nearly 700 million euros in funds. During this process, many people asked me if it was a "fire sale," whether we sold off the good assets and left only the bad ones When we manage each enterprise, we never treat it like a pig to raise, but rather like our own sons and daughters. Take Nanjing Steel for example; we invested for twenty years, and after twenty years, what's the difference between it and a biological son? (Guo Guangchang sold Nanjing Steel, and there were multiple buyers competing at the time, ultimately it was acquired by CITIC).

Achieving a Win-Win When Selling Assets

When we sell, we achieve a win-win situation. First, there needs to be a reasonable price, and second, for example, selling a German private bank to a Dutch bank creates enormous synergy and strategic value, forming stronger competitiveness.

In the past two years, we have actively sold over 80 billion in assets and repaid over 60 billion in public debt both domestically and internationally, basically settling most of it.

Future Focus on Advantageous Industries like Health, Travel, and Consumption to "Deep Mine"

In the current environment, opportunities to start from scratch in an industry are becoming increasingly rare, so we need to concentrate on advantageous industries and dig deep.

For Fosun, the future still focuses on advantageous industries like health, travel, and consumption to "deep mine," relying on operational capabilities to make money through "craftsmanship," and leveraging innovation and globalization to deeply cultivate domestic and global markets, fully integrating AI to enhance efficiency.

Fosun's Super Mediterranean and the China Mall project in Chongqing are already incorporating AI elements in their planning and design, enhancing visitor experience and operational efficiency through intelligent means.

Recently, Fosun Pharma launched the PharmAID decision-making intelligent platform, aiming to create the first AI decision-making platform covering the entire lifecycle of innovation and research in the pharmaceutical industry. This platform will assist Fosun Pharma in achieving intelligent decision-making in research, production, sales, and other aspects, enhancing the company's core competitiveness.

Fosun's medical beauty platform Sisram is also actively exploring the use of AI technology to analyze users' skin issues, providing consumers with quick and accurate solutions.

Looking Forward to Two Directions in AI

In the future, I am particularly optimistic about two directions: one is AI empowering various vertical industries for reconstruction and upgrading, and the other is the revolutionary changes in productivity and production relations brought about by the true combination of physical AI and virtual AI.

AI can not only drive the reconstruction and upgrading of various industries but will also trigger revolutionary changes in productivity and production relations.

With multiple AI platforms like DeepSeek and Alibaba Qianwen continuously optimizing, these AI tools will bring greater value to enterprises, and we are also beneficiaries thanks to these platforms.

Source: Investment Workbook Pro Author: Class Representative

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