# Xu Gaoming
Latest news and articles about Xu Gaoming
Total: 2 articles found
Business
The Gilded Trap: Lao Pu Gold and the High Cost of Defying Market Gravity
Lao Pu Gold, a pioneer in China’s high-end 'heritage gold' market, has lost over 120 billion HKD in market value following a disastrous strategy of aggressive inventory stockpiling without financial hedging. The company's refusal to mitigate commodity risk has left it vulnerable to falling gold prices and cooling consumer demand, forcing a major valuation reset.
SoBiz2026年6月28日 07:08
#Lao Pu Gold#Heritage Gold#Luxury Retail
Business
The Gilded Correction: China’s Luxury Gold Giant Sees $13 Billion Market Wipeout
Lao Pu Gold has experienced a 51.9% stock price decline over ten months, erasing over HK$100 billion in market value. The controlling Xu family has seen their personal net worth drop by HK$59 billion as the market corrects after a period of extreme valuation for heritage luxury brands.
NeMo2026年5月20日 12:53
#Lao Pu Gold#HKEX#Luxury Retail