China ’s once thriving Gome Retail has been hurt by Covid fallout and tough competition. … [+] Photographer: Kevin Lee/Bloomberg © 2009 Bloomberg Finance LP Red ink at Gome Retail , controlled by China ’s one-time richest man Wong Kwong Yu, worsened in Jan.-June compared with a year earlier, the company said in a statement after the close of trade in Hong Kong on Wednesday. Gome ’s first-half loss soared by 50% to 2.96 billion yuan , or nearly $430 million, compared with a loss of 1.97 billion yuan a year earlier. Revenue at the struggling electronics appliance chain plunged...