Lao Pu Gold opens 1st overseas store in Singapore
Lao Pu Gold will open its first overseas store on June 21 at Singapore’s Marina Bay Sands. The move marks the start of broader international expansion, with plans to enter the Japanese market next, including a Tokyo store. The company previously announced intentions to open four Southeast Asian stores by 2026. Backed by BA Capital, Lao Pu Gold is focusing on brand growth, store expansion, and overseas markets. In May, it raised HK$2.7 billion ($344 million) through a new share issuance to fund expansion and offset rising gold procurement costs. Founded in 2009 and listed in Hong Kong in June 2024, Lao Pu Gold specializes in handcrafted traditional Chinese gold jewelry. In 2024, the company reported 167.5% revenue growth to 8.51 billion RMB ($1.18 billion).