The company sees a big total addressable market: it has 660K members now (those who have purchased Laopu's product at least once), vs. >6mn HNW households, not to mention a much bigger entry-level consumer market. It aims to have a footprint in 50 high-end shopping malls in China in the long run; it has stores in 33 of them currently. November 20, 2025 12:59 PM GMT Laopu Gold | Asia Pacific M Update Asia Pacific Summit 2025 Feedback Key Takeaways It aims to strengthen its high-end brand position and change ...