By Doug Young & Rene Vanguestaine

Much has been said about China’s suffering property developers, but construction material makers are also in trouble. Will the government come to their rescue? And offshore China stocks enter bull territory with a 25% rally for the Hang Seng Index. What’s driving this sudden surge, and will it last?

About China Inc

China Inc by Bamboo Works discusses the latest developments on Chinese companies listed in Hong Kong and the United States to drive informed decision-making for investors and others interested in this dynamic group of companies.

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KE Holdings, which operates a network of well-known green “Lianjia” property brokerage shops, suffered in the resulting slowdown due to its dependence on transactions to drive revenue.

FAST NEWS: KE Holdings’ revenue falls, as new businesses shine

The Latest: Residential real estate broker KE Holdings Inc. (BEKE.US; 2423.HK) on Thursday reported its revenue fell 19.2% year-on-year to 16.4 billion yuan ($2.27 billion) in this year’s first quarter, while its non-GAAP…