Latest news and articles about Ningbo Wealth
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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.
