# Asset Restructuring

From Dyes to Data Centers: Annoqi’s AI Pivot Signals a Growing Trend of Corporate Reinvention

Struggling dye manufacturer Annoqi is pivoting to the AI sector by acquiring Guangzhou Fengyun, a computing power provider with 1 billion RMB in annual revenue. The move comes as Annoqi's core chemical business faces a net loss expansion of over 800%, highlighting a trend of legacy Chinese firms seeking salvation in high-tech infrastructure.