Cross the picket line! Duan Yongping massively increased his stake in POP MART (09992).

On May 27, the Hong Kong Stock Exchange disclosed that POP MART (09992) was acquired by the well-known investor Duan Yongping. Duan Yongping and H&H International Investment, LLC simultaneously increased their holdings in POP MART, with their combined shareholding reaching 5.69%, triggering a mandatory disclosure requirement. This time, Duan Yongping increased his holdings in POP MART by 9.8232 million shares, bringing his total holdings to 76.3716 million shares. It is reported that on April 9, Duan Yongping first disclosed his investment in POP MART on Snowball, using the metaphor "My POP MART insurance company is officially open." On May 7, Duan Yongping posted on social media that he had swapped all China Shenhua Energy shares for POP MART. Duan Yongping had previously stated that POP MART currently has several core advantages: the established user attention and brand influence, the resource barrier formed by the artist signing system, the global store network coverage, and the organizational capabilities in production, logistics, and quality established by Wang Ning and his team. In his opinion, the real value of POP MART lies not only in individual hit IPs, but in the systematic commercial barriers it has gradually built. Duan Yongping also admitted that the controversy over whether the trendy consumer market is sustainable in the long term will persist in the future, so POP MART still needs to continuously prove itself over time.