China’s Warren Buffett calls Pop Mart a long-term buy, hints at Labubu maker stake
Duan Yongping sees Pop Mart as a promising long-term investment, praising its growth potential and unique business model
Chinese billionaire investor Duan Yongping touted Pop Mart International Group as a long-term investment and hinted that he may have already started building bullish bets, further validating his confidence in companies that are grappling with growth concerns.
Duan, dubbed China’s Warren Buffett by some investors, recently said on social media that the toymaker had great growth potential to achieve its globalisation goal and that the barriers built by the company were enough to fend off competitors. He also said that he had opened an “insurance company” for Pop Mart, a metaphor he had used before when selling put options on stocks including Tencent Holdings and Apple.
Selling a put option means a bet against declines in share prices where sellers make profit if stock prices rise.
“When I took a look at it [Pop Mart] a couple of years ago, I thought this was an interesting company with a young founder and good corporate culture,” Duan said in the post. “Now I don’t have to think whether its business model can work and I have also figured out the issue of sustainability.”