On May 30, renowned investor Duan Yongping expressed optimism about Pop Mart's future expansion in overseas markets during an interaction with investors. He stated, 'Pop Mart has high requirements for store locations, and prime locations are often in high demand. The layout of stores takes a long time, and in the next 5-10 years, there will be significantly more overseas stores.' Recently, news of Duan Yongping increasing his stake in Pop Mart through his H&H International Investment has continued to gain traction. On May 25, he purchased 9.8232 million shares at an average price of approximately HKD 150 per share, raising his stake to 5.69% and becoming the company's second-largest shareholder, with a holding value exceeding HKD 11.7 billion. According to Bitget market data, Pop Mart experienced a strong surge yesterday, closing with an increase of 8.98%, resulting in Duan Yongping's paper profit nearing HKD 1 billion for the day. Duan Yongping's attitude towards Pop Mart has shifted from an initial stance of 'not understanding, not investing' to openly expressing confidence and heavily investing. After becoming the second-largest shareholder on the 25th, he highly praised founder Wang Ning, stating, 'His understanding and pursuit of products are on par with Steve Jobs, and his understanding of business seems to be slightly stronger than Jobs. I am indeed a fan of Wang Ning now,' and he believes that Pop Mart has successfully established its business model with strong barriers, making it worthwhile for long-term holding. By May 2026, he plans to completely replace his position in China Shenhua with Pop Mart and change his avatar to Labubu.
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Duan Yongping Optimistic About Pop Mart's Overseas Growth, Praises Founder Wang Ning as 'On Par with Steve Jobs'
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