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Close-up of coiled metal sheets in an industrial factory. Precision engineering materials.
Business5/28/2026, 3:38:36 PM

A Legacy of Rot: The Triple Crisis Strangling Huayang New Materials

Huayang New Materials is facing a critical juncture characterized by 17 years of core business losses, a multimillion-dollar construction lawsuit, and the prosecution of its former chairman for bribery. The company's failed attempt to pivot into biodegradable materials illustrates the systemic risks facing China's struggling state-linked industrial firms.

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Technology5/28/2026, 2:08:29 PM

Kuaishou’s AI Gambit: Can the ‘Kling’ Model Rescue a Stagnating Short-Video Giant?

Kuaishou’s Q1 2026 earnings highlight a sharp 27% profit decline as the company aggressively spends on AI infrastructure, specifically its Kling video-generation model. Despite record user numbers, the platform faces stalling growth in live-streaming and fierce competition from Douyin and Bilibili, leading to rumors of a strategic spin-off for its AI division.

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