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Investment Guru Duan Yongping Reverses Stance: Hails Pop Mart as Pioneer in Chinese Product Globalization

Deep News04-05 20:41

Famous investor and BBK founder Duan Yongping recently expressed his views on Pop Mart through social media, stating that the company is actually the pioneer in internationalizing Chinese products.

He mentioned, "Today I finished reading 'Because of Uniqueness' and visited Pop Mart's Westfield store both in the morning and afternoon. The store is only about 60 square meters but business is genuinely strong. The majority of customers are adults, with Chinese patrons making up just around 10% of visitors. It strikes me that Pop Mart might be the true forerunner in globalizing Chinese products. Other companies don't seem to have reached this level yet. Right business, right people! The right price is crucial and uncommon, but it appears we're seeing it again."

Previously, Duan had frequently shared opinions about Pop Mart. As early as December last year, during an interview with Wang Shi, he stated: "I highly respect its ability to turn emotional value into such successful products—this isn't accidental success nor can it be attributed to luck." At that time, he clarified, "I don't understand Pop Mart well enough and will not invest in or purchase its stock."

In March this year, he posted on social media: "I spent the last couple of days revisiting Pop Mart and have decided to retract my previous statement about not investing in the company."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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