
The Cracking of China’s Silicon Empire: The Fall of Ningbo’s Richest Man
Luo Liguo, the 'Silicon King' and former richest man in Ningbo, faces a financial crisis as his company, Hosesun Silicon, loses 80% of its market value. Plagued by a 3 billion RMB loss in 2025 and regulatory warnings over undisclosed transactions, the firm's downfall highlights the broader overcapacity crisis in China's solar industry.


















