China's Fosun invests in pharmacy app Yaoshibang, may buy Paris Realty Fund

China's Fosun invests in pharmacy app Yaoshibang, may buy Paris Realty Fund

REUTERS/Bobby Yip

Chinese conglomerate Fosun International, along with Shenzhen-based Green Pine Capital Partners, have led a RMB11 million ($16 million) series B round in an online pharmacy mobile app operator, Yaoshibang. At the same time, the group has also been reported to make an offer for a 50 per cent stake in Paris Realty Fund (Paref), at a price of $79.95 per share.

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