Chinese Luxury Jeweler Laopu Gold Sheds $2.1 Billion in Market Value

Laopu Gold Co., a Chinese luxury jeweler, experienced a $2.1 billion drop in market value after flagging slowing sales, unsettling investors who had bet on its growth.

28 Jul, 08:44 — 28 Jul, 08:44

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bloombergHigh1d ago

Chinese Luxury Jeweler Sheds $2.1 Billion on 66% Growth Outlook

Laopu Gold Co. lost $2.1 billion in market value Tuesday after the Chinese jeweler flagged slowing sales, unsettling investors who had been betting on some of China’s most viral consumer brands.

By Bloomberg News

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Chinese Luxury Jeweler Laopu Gold Sheds $2.1 Billion in Market Value

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Chinese Luxury Jeweler Sheds $2.1 Billion on 66% Growth Outlook

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