Song Lixin: After Wang Ning's Appearance at Entrepreneurs' Night, Labubu Gained Market Momentum

The launch ceremony of "Cheers for China's Economy—Entrepreneurs' Night" was held in Beijing on December 17, 2025. Song Lixin, Chairman of Yingcaiyuan Investment Management Co., Ltd., attended and delivered a speech.

Song pointed out that Sina Finance has long positioned itself as a connector, and the biggest gainers in this A-share bull market have been those facilitating connections.

"They have consistently worked to build a bridge of trust, breaking the asymmetry of trust," she said.

She also noted that Sina Finance defines the event as an inspirer, emphasizing that "connections create value, and integration transforms business." In an era transitioning from the Internet of Things to the Intelligence of Things, it serves as a multiplier rather than a simple addition.

Recalling last year's event, Song shared, "What left the deepest impression on me was POP MART's Labubu, which ignited the entire venue. At the time, I had no idea about Labubu's value. But after Wang Ning took the stage, everyone witnessed its capital appeal, and market enthusiasm surged."

Song added that Entrepreneurs' Night has always been a chronicler. Each annual gathering, centered around people, documents a yearbook of China's business landscape. "The milestones it aims to record each year reflect the heights of innovation, the measures of progress, and the warmth of upward momentum."