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Ex-China Fisheries Clerk Becomes Billionaire With ‘Hermes Of Jewelry' [Forbes]

JD.com, Inc. - American Depositary Shares (JD)  More Company Research Source: Forbes
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
The entrepreneur, 59, has amassed a wealth of $1 billion, according to Forbes estimates. His net worth is based on a stake in Laopu Gold, known in China as the “Hermès of Gold Jewelry” for the elaborate designs of its earrings, necklaces and bracelets, and their lofty prices. Laopu Gold shares have surged as much as 97.5% since the company raised HK$787.7 million ($100.8 million) by selling 19.5 million shares at HK$40.5 a piece last week. The the raised funds to increase its brand awareness and expand internationally. Its jewelry features unique craftsmanship, imperial patterns and such Chinese cultural elements such as gourds, or hu lu, a symbol of both good fortune and protection in the local culture. One of its bracelets retails for as much as 44,680 yuan ($6,145). With gold prices surging, some wealthy customers consider Laopu Gold's products as investments. The company saw sales more than double to 3.2 billion yuan ($437 million) in 2023 from 2022, according to its prospe [Read more]
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Stockreport

Ex-China Fisheries Clerk Becomes Billionaire With ‘Hermes Of Jewelry' [Forbes]

JD.com, Inc. - American Depositary Shares  (JD) 
More Company Research Source: Forbes
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report
US:NASDAQ Investor Relations: ir.jd.com
The entrepreneur, 59, has amassed a wealth of $1 billion, according to Forbes estimates. His net worth is based on a stake in Laopu Gold, known in China as the “Hermès of Gold Jewelry” for the elaborate designs of its earrings, necklaces and bracelets, and their lofty prices. Laopu Gold shares have surged as much as 97.5% since the company raised HK$787.7 million ($100.8 million) by selling 19.5 million shares at HK$40.5 a piece last week. The the raised funds to increase its brand awareness and expand internationally. Its jewelry features unique craftsmanship, imperial patterns and such Chinese cultural elements such as gourds, or hu lu, a symbol of both good fortune and protection in the local culture. One of its bracelets retails for as much as 44,680 yuan ($6,145). With gold prices surging, some wealthy customers consider Laopu Gold's products as investments. The company saw sales more than double to 3.2 billion yuan ($437 million) in 2023 from 2022, according to its prospe [Read more]
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JD
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