China's 'Fentanyl King' Plunges Into "Corruption Fueled Bankruptcy"

Jul 3rd 2025 6:20pm EDT

China’s ‘Fentanyl King’ Plunges Into “Corruption Fueled Bankruptcy” Ai Luming was once a symbol of China’s entrepreneurial rise — its ‘fentanyl king’ and a philosophy graduate who turned a urine-based drug startup into a sprawling private empire spanning pharma, real estate, and finance, according to Caixin. But by 2025, after nearly four decades, his business […]

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