--- title: "Over HK$10 Billion Bought in One Month! Duan Yongping Raises Stake in POP MART" type: "News" locale: "en" url: "https://longbridge.com/en/news/287779393.md" description: "Duan Yongping raised his stake in POP MART through H&H International, LLC, holding 76.3716 million shares, accounting for 5.69%. As of May 27, the market value of his holdings reached HK$11.777 billion. Duan Yongping expressed optimism about POP MART's brand barriers and market potential, comparing Wang Ning to Steve Jobs and stating that Wang's business acumen is on par with Jobs'" datetime: "2026-05-27T13:23:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287779393.md) - [en](https://longbridge.com/en/news/287779393.md) - [zh-HK](https://longbridge.com/zh-HK/news/287779393.md) --- # Over HK$10 Billion Bought in One Month! Duan Yongping Raises Stake in POP MART True to his word, Duan Yongping has made a significant move with real capital. The latest disclosure information from the Hong Kong Stock Exchange (HKEX) shows that Duan Yongping has raised his stake in POP MART, with the latest market value of his holdings exceeding HK$11.7 billion. ## **Duan Yongping Raises Stake** According to the HKEX announcement, as of May 25, Duan Yongping and H&H International, LLC, which he controls, collectively held 76.3716 million shares of POP MART, representing 5.69% of the issued voting shares. Under HKEX rules, any holder reaching or exceeding 5% of a listed company's voting shares must disclose this within three working days. On May 27, POP MART's total market capitalization was HK$206.8 billion. The shares held by Duan Yongping and parties acting in concert with him corresponded to a market value of HK$11.777 billion. ## **Previously Publicly Announced Purchase** Duan Yongping has publicly expressed his bullish view on POP MART on multiple occasions. On May 7, he publicly stated that he had sold China Shenhua Energy to buy POP MART. On April 9 this year, Duan Yongping indicated that he had begun building a position in POP MART by selling put options. He publicly stated, "My POP MART insurance company is officially open for business." Duan Yongping mentioned that POP MART's financial report profits sparked his curiosity, leading him to spend several consecutive days understanding the company, frankly stating, "I haven't felt this kind of excitement in a long time." Regarding POP MART's barriers to entry, Duan Yongping listed the following: established user attention (brand), barriers in signing artists, stores worldwide, and the strong leadership of Wang Ning and his team. These barriers do not guarantee that trendy toys will always be popular, but they ensure that those who like trendy toys will continue to pay attention to POP MART. POP MART's barriers are far stronger than imagined; as long as the trendiness of toys persists, POP MART is a very good business. However, debates over its sustainability will continue for a long time, so they may need to keep proving themselves. Notably, on May 26, a netizen asked Duan Yongping, "How do you view Wang Ning? Is he like Steve Jobs, both a time-teller and a clock-maker?" Duan Yongping replied: **"I think Wang Ning's understanding and pursuit of his products are on the same level as Jobs', at least they will be in the future. Wang Ning's understanding of business seems to be slightly stronger than Jobs'."** On May 27, Duan Yongping explained this statement: "Many people may have misunderstood this sentence because Jobs is a god! In fact, Jobs' understanding of business was not top-tier; otherwise, he would not have held so much cash without repurchasing shares, even after Buffett advised him to do so. However, Jobs' pursuit of product excellence was absolutely top-tier, and the corporate culture he established indeed contributed to Apple's current success. However, most people may have overlooked Jobs' greatest contribution to Apple, which was choosing Tim Cook as his successor CEO!" **** In addition to buying POP MART, Duan Yongping's U.S. stock holdings were also recently disclosed. According to the 13F filings for institutional investors in U.S. stocks, as of the end of the first quarter of 2026, the total market value of holdings managed by H&H International Investment, under Duan Yongping, was approximately $20.004 billion, equivalent to about RMB 138 billion. From the overall portfolio perspective, H&H International Investment holds positions in 19 companies, including Apple, Berkshire Hathaway, Nvidia, and Pinduoduo. As of the end of the first quarter of 2026, Apple remained the largest holding, accounting for 36.72% of the portfolio, with a market value of $7.346 billion. Additionally, Berkshire Hathaway accounted for 21.91% of the portfolio, with a market value of $4.384 billion. In the first quarter of this year, Duan Yongping increased his positions in Nvidia, Pinduoduo, and Berkshire Hathaway, and initiated new positions in Tesla, among others. At the same time, he reduced his holdings in Apple and Occidental Petroleum, and completely exited positions in Alibaba and other targets. Source: Shanghai Securities News Risk Warning and Disclaimer The market carries risks; investment requires caution. This article does not constitute personal investment advice, nor does it take into account the specific investment objectives, financial status, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Responsibility for investments made based on this content lies solely with the investor. ### Related Stocks - [09992.HK](https://longbridge.com/en/quote/09992.HK.md) - [01088.HK](https://longbridge.com/en/quote/01088.HK.md) - [601088.CN](https://longbridge.com/en/quote/601088.CN.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [OXY.US](https://longbridge.com/en/quote/OXY.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [HPPD.SG](https://longbridge.com/en/quote/HPPD.SG.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [OXY+.US](https://longbridge.com/en/quote/OXY+.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [China's Pop Mart warns of 2026 profit margin pressure from higher costs](https://longbridge.com/en/news/286185719.md) - [China’s Warren Buffett calls Pop Mart a long-term buy, hints at owning stake](https://longbridge.com/en/news/283124255.md) - [Pop Mart shares sink despite revenue surge, as analysts say Labubu reliance worries investors](https://longbridge.com/en/news/280487493.md) - [Pop Mart Declares Final 2025 Dividend and Sets HKD Payout Terms](https://longbridge.com/en/news/286254762.md) - [Pop Mart's stock is plummeting after it revealed that most of its sales come from Labubu](https://longbridge.com/en/news/281488866.md)