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As reported by Business Insider, Luxshare Precision has found itself in a favorable position following the unveiling of Apple's iPhone 17. The co-founder and vice chairman of the company, Wang Laisheng, has witnessed a staggering increase in his personal wealth, amounting to $5.3 billion (roughly equivalent to 37.8 billion yuan). Since the momentous launch of the iPhone 17 last Friday, Luxshare Precision's stock price has experienced a remarkable 32% surge. This surge has translated into a substantial boost in Wang Laisheng's net worth within a mere week. It's worth noting that Luxshare Precision is already a publicly traded entity on the Shenzhen Stock Exchange and is currently exploring the possibility of a Main Board listing on the Hong Kong Stock Exchange later this year.
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