Miss Havisham, a wealthy spinster who wears an old wedding dress and lives in the dilapidated Satis House, asks Pip's Uncle Pumblechook to find a boy to play with her adopted daughter Estella. Pip begins to visit Miss Havisham and Estella, with whom he falls in love, then Pip—a humble orphan—suddenly becomes a gentleman with the help of an unknown benefactor.

The popular Caucasian-looking son (Richard Barthelmess) of a wealthy Chinese businessman lives away from his widowed father and passes as white, but experiences prejudice, rejection, insult, and heartache when the socialite (Constance Bennett) he loves learns of his heritage.