Lubao was a brand of derailleurs produced by Ko Shaing Industrial Co. of Taipei, Taiwan. I find it admirable that a Taiwanese company used a brand name that sounds, well, Taiwanese. So many far eastern-brands have a European or even English tinge to them.

However, I believe that Ko Shaing Industrial Co. also manufactured the Charger brand of, nearly identical, derailleurs. I have had it suggested to me that they may have started with the Lubao brand but then changed to Charger to make their products more saleable. Looking at the derailleurs themselves, I am not so sure about this. My guess is that they ran the two brands in parallel, perhaps for different markets. But this is all guesses layered on guesses.

I may be dreaming but I also think I remember Lubao derailleurs on particularly odd bikes - possibly a spectacularly disfunctional 5 speed folding bike and a peculiar blend of a commuting bike and a Raleigh Chopper. Both bikes were, I think, manufactured in Taiwan by bicycle brands that I had never heard of - and now cannot remember.

Finally there is a history of Taiwanese derailleurs branded ‘KS’. I do not think that these have anything to do with Ko Shaing Industrial Co. - but they do share the same initials.