A Taichung foundry became a global fitness portfolio by controlling nearly every step between raw steel and a finished workout. Fifty years on, Johnson Health Tech is betting that factories, stores and software belong in the same routine.
Peloton built a camera-ready fitness studio around a stationary bike. Now its higher-margin subscriptions, AI coaching and move into commercial gyms reveal the more durable idea underneath: fitness that feels scheduled, social and personal wherever you train.