I have no experience with it, but I have read accounts of people using Traditional Chinese Medicine to help with hearing loss.
In the TCM theory system, hearing loss is related to some greater category of illnesses called Kidney issues, that encompasses hair loss, hair greying, genitourinary issues, back problems, knee problems, fear/emotion imbalances (including lack of fear or excessive fear), and foot issues.
Hearing loss is supposedly related to hair loss, as hearing is done by very fine hairs in the inner ear which are lost as one gets older. Since the hair loss has been shown to have an inflammatory component, and the TCM can alter inflammatory activity using herbs and acupuncture, TCM doctors are able to modulate the inflammation somewhat and help with the issue. People do say it helps, but whether it is placebo or not, I can’t say definitively. Then again, a placebo fix is a fix.
TCM doctors are very affected by experience, and it is not uncommon to find one TCM doctor is amazing at curing one disorder like hyperthyroidism, but not as good at other issues he sees rarely, while another doctor may be awesome at the other issues, and not so good at the hypothyroidism. Chinese trained, and decades of experience are desirable.
Hope it helps.
And, you still have no experience with it.